WASHINGTON – Nationwide sales of vacation homes rose by more than 16 percent between the second half of 2020 and April 2021, according to the National Association of Realtors (NAR).
So far this year, vacation home sales are up 57.2 percent. Median vacation home prices rose by more than 14 percent last year.
In Texas, Port Aransas and the Hill Country have seen some of the largest numbers of second-home sales.
More than 4,400 seasonal home sales were recorded in Port Aransas. NAR also noted a large in-migration of residents to Burnet and Bandera counties in Central Texas.
According to the Texas Real Estate Research Center, statewide rural land purchases jumped to a record $1.69 billion in sales with a total of 552,707 acres trading hands.
Rural land prices increased by 3.1 percent last year to $3,064 per acre.
The Real Estate Center has a wealth of economic information online for free.