In the Tucson Lot and Land market, August 2024 active inventory was 724, a 6% increase from August 2023. There were 48 closings in August 2024, a 25% decrease from August 2023. Year-to-date 2024 there were 476 closings, virtually unchanged from year-to-date 2023. Months of Inventory was 15.1, up from 10.7 in August 2023. Median price of sold lots was $174,860 for the month of August 2024, up 42% from August 2023. The Tucson Lot and Land area had 39 new properties under contract in August 2024, down 43% from August 2023.