- April 1, 2016
- Market Insights
Nantucket real estate saw a promising start to 2016 with a 16 percent year-over-year rise in transaction activity through February 29, 2016. Dollar volume was down a modest two percent due to an increase in the number of lower price point transactions ($1MM-$2MM) and a simultaneous decrease in higher end price points (both the $2MM-$3MM and $4MM-$5MM saw declines). A notable and encouraging development during the first two months of the year was the 33 percent rise in new contract activity — a data point which indicates there will continue to be strong transaction activity into the second quarter.