State of the Market Mid-Year Report 2024

The land/lots segment of the market in Tucson continues to show signs of strength. Given ongoing inventory shortages in the resale housing sector, land to build on remains a solution for some. Land/lots inventory is up slightly over 2023 while closed sales are also higher year-to-date, at a similar rate. The median sale price of the land/lots remains consistent and higher than last year.

Curious about what this means for your real estate goals? Market conditions can vary for each neighborhood and community, so please reach out for the most current information and guidance for your area.

Statistics based on information obtained from MLSSAZ on 07/29/2024 using TrendGraphix software for Land/Lots sales. Information is believed to be reliable, but not guaranteed.

Download a copy of the report here.

 

Land & Lot Reports

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