Fisher’s Report

First quarter Nantucket real estate results surged ahead of 2015 activity by an impressive 23 and 22 percent in respective transaction and dollar volume.   Home sales rose a whopping 53 percent while vacant land sales declined 36 percent compared to 2015.  Both single-family home sales and new contract activity for the period ending March 31, 2016 were more concentrated in the lower end price points than the upper end compared to 1Q15, leading to a decline in the median home sale value.  Inventory levels were moderately higher, with a sizable increase in the number of listings above $10 million.