Stats from the second quarter continue to bring good news! Currently, we’re steadily watching the dreaded foreclosure market begin to waver, with fewer homes on the market and cash sales down. The seller’s market trend that became apparent last quarter has extended into this quarter, especially for farm parcels in the 60-acre-and-higher range. The demand for large parcels is high and prices are increasing, making it the perfect time to put your farm on the market. The time is also ripe for sellers of vacant land in the 10-acres-or-less range: these parcels are by far the most popular by sales volume, and are sold at an average of $20,000 per acre.

Want to know more about what’s up in the second quarter?
You can contact one of our local real estate experts with any questions about the current state of the market. Our agents are committed to serving your real estate needs and keeping you informed.