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Land Insights (Summer 2024)
Land Markets, Oil & Gas, Texas Economy
3 minute read
Jul 01 2024

Land Insights (Summer 2024)

Tighter financial conditions and uncertainty about future economic and financial conditions continued to subdue activity in Texas rural land markets through first quarter 2024.

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Latest Indicators

Texas Home Sales

May 2024
33,648
2.26% YOY

Austin Home Price Index

1st Quarter 2024
342.74
1.8% YOY

Texas Housing Affordability Index

Q1 2024
1.11
3.5 YOY

Texas Total Nonfarm Employment
Seasonally Adjusted

April 2024
14.2M
0.30% MOM

Consumer Price Index Growth

May 2024
3.3%
10 BPS MOM

Texas Price Per Acre
Large Tract

Q1 2024
$4,688
3.69% YOY

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