In the Tucson Lot and Land market, March 2024 active inventory was 714, virtually unchanged from March 2023. There were 59 closings in March 2024, a 5% increase from March 2023. Year-to-date 2024, there were 159 closings, an 8% increase from year-to-date 2021. Months of Inventory was 12.1, down from 12.6 in March 2023. The median price of sold lots was $98,424 for the month of March 2024, down 14% from March 2023. The Tucson Lot and Land area had 61 new properties under contract in March 2024, down 5% from March 2023.
