“January sales activity suggests that the Nantucket real estate market is headed back to more historic norms after a three-year period that will likely stand as an anomaly for quite some time. Monthly transaction volume dropped to just 18 property transfers totaling $63.6 million, well below both the year-over-year and five-year trailing averages. The reduction in sales continued to be driven by the sheer dearth of listing inventory, though interest rates and the seasonality of the market were complementary culprits.”

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