“Although January sales showcased a very solid start to 2022, February transactions pointed to the pervasive imbalance between supply and demand that has depleted Nantucket real estate inventory.  For the month ending, February 28, 2022, just 16 transactions totaling $58 million in dollar volume traded hands. This is a respective decline of 60 percent and 44 percent from February 2021 and a dramatic reduction from the 35 transactions totaling $100 million just one month ago.  While these figures are low relative to the last 18 months of activity, they are more consistent with what the Nantucket real estate market saw prior to its meteoric rise in 2020 and suggest that volume could slow down significantly unless there is a shift in the supply dynamics.”

Here are Fisher’s February market insights from Jennifer Shalley Allen…