In the Tucson Lot and Land market, February 2024 active inventory was 707, a 3% increase from February 2023. There were 41 closings in February 2024, an 18% decrease from February 2023. Year-to-date 2024, there were 97 closings, a 7% increase from year-to-date 2021. Months of inventory were 17.2, up from 13.7 in February 2023. The median price of sold lots was $114,171 for February 2024, down 9% from February 2023. The Tucson Lot and Land area had 46 new properties under contract in February 2024, down 15% from February 2023.
