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April 2018 Nantucket Real Estate Market Insights


Market Insights

Nantucket Real Estate Market

April 2018 Nantucket real estate sales included 26 transactions totaling $58.5 million, nearly identical to April 2017 activity but a sizable drop off from monthly first quarter transaction activity which, incidentally, was more robust than in recent years. Recorded new contracts in April were lower than in previous years, perhaps due to the strong first quarter, but inventory levels remained at historic lows and property values continue to rise based on average sale price metrics. We look forward to seeing how the rest of the second quarter unfolds, both from an inventory and sales perspective, so we can offer a more thorough 1H2018 analysis and full-year expectations. Here are Fisher’s April Market Insights…