“The Nantucket real estate market picked up momentum in August, not least with closings but also new contract activity.  August represented the third month in the calendar year to surpass $100 million in sales, and the first month of the year to approach the $200 million mark.  Monthly transaction activity included the highest sale of the year thus far, as well as several other high-end sales, and tallied 31 property transfers totaling $187 million.  This brought year to date activity to 215 transactions measuring $831 million, a respective increase of 41 percent and 31 percent from one year ago.  In fact, the 2025 market is looking more like the 2022 market than the more moderate activity witnessed over the previous two years.  New contract activity also peaked in August, pointing to a healthy pipeline as we head into the fourth quarter.”

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