1、2023 LAND MARKET SURVEYREALTORS Land InstituteNational Association of REALTORS Released March 2024A Message from the RLI President“I am proud to share with the industry at large the REALTORS Land Institutes 2023 Land Market Survey.Land continues to be an important asset even as we return to a more b

2、alanced market.Growth in land sales and prices are in line or exceeding the expectations of REALTORS which is an encouraging sign for our future.I hope landowners and land real estate professionals alike find value in these insights as our industry continues to advance in 2024 and beyond.”Sam Bowers

3、,ALC2024 RLI National PresidentNAR Chief Economists Perspective“Home prices reached a new high in 2023 and will likely continue their upward march.Thats because there is immense housing shortage.Homebuilders have been selling more homes and REALTORS need more inventory.More land is required to turn

4、into lots and development.Moreover,there has been a population shift away from major city centers towards suburbs,exurbs,and rural areas,which necessitates more housing and commercial real estate spaces into expanding areas.Agricultural prices have retreated from recent peaks but are well above comp

5、ared to pre-covid days.Farmland demand should remain strong,especially with ever increasing geopolitical uncertainty.”Dr.Lawrence YunChief Economist and SVP of Research,National Association of REALTORSAbout the ReportObjectiveThe REALTORS Land Market Survey is a collaboration of the REALTORS Land In

6、stitute(RLI)and the National Association of REALTORS (NAR)that started in 2014.The objective of this survey is to gather information and insights about the state of the land market based on land transactions of land real estate professionals who are members of NAR and RLI.The information is intended