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Weak Performances Highlight Second Quarter Texas Land Markets
COLLEGE STATION– Second quarter numbers released today by the Real Estate Center at Texas A&M University show a Texas land market hit hard by plummeting oil prices and the pandemic. Research Economist Dr. Charles Gilliland issued the state’s land report card: • Price: + 1.7% • Sales volume: - 8.7% • Average acreage sold: - 9.1% • Total acres sold: - 23.5% • Total dollar volume: -22.2% “The average $2,929-per-acre sales price inched up 1.7 percent, well short of t ...
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