DataMarkets & Economy

Houston land sales volume fell, but demand kept prices high

A Texas Association of Realtors report found increasing sales throughout the state, but lot size decreased
  • Houston land sales fell 7.4 percent in 2015 annually, making it one of two regions in Texas that saw decreasing sales.
  • Small land sales increased 18.91 percent in the state in 2015 over 2014.
  • Lot sales in Austin and the surrounding area increased in volume, size and price.

Last year was a banner year for the real estate market in Texas, as small land sales surged throughout the Lone Star State in 2015. The Texas Small Land Sales Report, released by the Texas Association of Realtors, found that small land sales increased 18.91 percent in the state to a total of 6,281. While the number of small land sales increased in the state, the average size of those lots decreased. Impacted by the high demand for land in Texas, the average sale size dropped 13.3 percent to 39 acres. However, those lot prices increased 10.21 percent to $5,657 per acre. Five out of the seven regions in Texas experienced significant increases in small land sales. Far West Texas and the area surrounding the Gulf Goast decreased. Houston land sales The area around Houston was one of the only in the state that saw a decrease in small land sales. Over 2014, small land sales decreased 7.4 percent to 1,146. Despite this, the average price per acre and tract size increased an...