The Land Market Survey is conducted annually each year by the REALTORS® Land Institute (RLI) and the National Association of REALTORS® (NAR) Research Group as a tool for real estate land professionals in all sectors of the business to use for bench-marking and as an informational resource when conducting business. The survey is designed to reveal current trends and the current state of land markets across the US.

Highlights from the 2024 Land Market Survey

• The increase in land sales has been moderate over the past two years compared to record high prices and sales during COVID, according to the 2024 Land Market Report from the REALTORS® Land Institute (RLI) and the National Association of REALTORS® (NAR). The market continues to become more balanced.
• The current economic environment, including trade disruptions, brings challenges and opportunities. A decrease in US exports, including agricultural exports, may soften the demand for warehouse and industrial space. Demand for manufacturing space could increase from US companies coming back to the US, or foreign companies wanting to expand production in the US.
• Residential and recreational land saw the strongest growth in 2024, with all land categories showing price gains of 0.7% or more.
• Financing of land purchases and land development is expected to be modestly favorable into 2026.

Scroll through the presentation below to see the full survey results as presented by RLI and NAR.

Click here for a link to downloadable version.