This month, there are 25 upcoming land auctions and 704 active land listings across Iowa. Here's a list of the top 10 counties with the most available land for sale:
Land auctions exceeded 200 sales in the last quarter of 2017 compared to merely 120 in quarter 3, with especially more land that is not necessarily higher-quality tillable farmland. This bump in farmland supply has resulted in a minor dip in the land prices over the past few months especially for lower quality land, however, the prices for higher quality tillable grounds are fairly stable and represent a modest increase over average sale price of $8,625 in 2016 quarter 4.
Land Auctions picked up the last month of quarter 3 with a good amount of land coming up for auction. September tested with market with more land being auctioned than any month in 2017. The quarter 3 data indicates a very stable market. The data suggests that quarter 3 is down slightly from quarter 2 by -0.4% on 85% tillable farms. The data suggests the market has gotten stronger throughout the year and even with more land being auctioned, the market appears to be very strong.