Land Prices Up 77% Since the Pandemic and Inventory Never Came Back, New Realtor.com® Report
News Corporation - Class A (NWSA)
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Source: PR Newswire
New data shows land listings remain 24% below pre-pandemic levels, with build-ready lots, raw acreage, and regional markets charting starkly different pathsAUSTIN, Texas, April 21, 2026 /PRNewswire/ -- Realtor.com® today released its first-ever analysis of land listings for sale in the United States, offering an unprecedented look at one of the most fundamental — and least examined — inputs to housing supply. The report, which draws on land listing data from June 2016 through March 2026, finds that the pandemic-era buying frenzy permanently transformed the land market: inventory has contracted 23.6% since the first quarter of 2019 and has yet to recover, while prices per acre have surged 76.6% over the same period. In the first quarter of 2026, there were 426,986 land listings for sale on Realtor.com with a median price per acre of $62,365."The pandemic didn't only drain home inventory, it drained land inventory, and that loss is permanent," said Joel Berner, senior economist at Realt
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