June 2024 Land Report

In the Tucson Lot and Land market, in May 2024, active inventory was 715, a 5% increase from May 2023. There were 74 closings in May 2024, a 1% decrease from May 2023. Year-to-date 2024, there were 315 closings, an 11% increase from year-to-date 2023. Months of Inventory was 9.7, up from 9.1 in May 2023. Median price of sold lots was $124,127 for the month of May 2024, down 23% from May 2023. The Tucson Lot and Land area had 105 new properties under contract in May 2024, up 48% from May 2023.

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