NORTHEAST TEXAS RURAL LAND MARKETS ……..
Rural land markets reflect influences from its sizable and growing urban areas. Demand for recreational use competes with timber production. 57% of the land is used for grazing with 33% to timber production. The recession of 2009 caused a drop in prices and in 2011 land in this region sold for $2,979 per acre, which matches the average prices in 2005. In 2009 a meager volume of 606 sales, but a present 3% DECLINE suggested that recessionary forces continue to dampen demand in our region of Northeast TX. This according to a TX A&M Real Estate Center research economist, Dr Gilliland and assistants.