Land Prices Rise 77% Since Pandemic, Inventory Still Below Pre-Pandemic Levels
A new Realtor.com report reveals that land prices in the U.S. have increased by 76.6% since the first quarter of 2019, while land inventory remains 23.6% below pre-pandemic levels. The report highlights that the pandemic-driven construction boom has permanently reduced land supply, leading to higher prices and potential future construction costs.
Topics: housing supply land listings pandemic impact price trends real estate market