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Highlights:

  • On average, respondents reported a 2.2% increase in land dollar sales volume during October 2018 September 2019 compared to the level in the prior 12 month period. Sales rose for all types of land, led by residential and recreational land, although at a slower pace compared to the prior period.
  • On average, respondents reported a 2.1% increase in land prices per acre in September 2019 from one year ago. Land prices rose for all types of land, led by land for office/retail, residential, and industrial use.
  • Respondents expect a 2.2% sales volume increase in the next 12 months, with the strongest growth for residential, industrial, and irrigated agricultural lands.
  • Respondents expect slower land price growth of 1.6% in the next 12 months. Land prices will increase for all land types but at a slower pace compared to the pace in the past 12 months.

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