Fisher’s May Nantucket Real Estate Market Report

The Nantucket real estate market maintained its gains over 2015 with a 29 percent transaction increase and a 34 percent dollar volume increase through May 31, 2016. Sales activity for the month of May posted a 29 percent (#) and 20 percent ($) increase from one year ago, while monthly contract activity improved 14 percent from April 2016 but was five percent shy of the recorded contracts in May 2015. The average marketing time for all sold properties through May 31, 2016 dropped to just short of eight months while the median home sale price rose 15 percent.