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August 2017 Nantucket Real Estate Market Insights


Market Insights

Real Estate Market Report August

August 2017 Nantucket real estate sales included 34 transactions totaling $97.5 million. This represents a 3 percent decline in transaction volume from 2016 but a 23 percent increase in dollar volume over the same period. With this activity, year-to-date sales through August 31, 2017 included 257 transactions totaling $560.8 million — a 6 percent year-over-year decline in transactions but a 6 percent increase in dollar volume. All sales metrics improved as compared to 2016, most notably the median sale value and the average days on market for sold properties. New contract activity in August also saw a healthy boost from July suggesting the Nantucket real estate market will see a robust fall transaction schedule. Here are Fisher’s August Market Insights…