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January 2023 Nantucket Real Estate Market Insights


Market Insights

Jen Shalley Allen
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“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…

Written By

Jen Shalley Allen

Jen has worked on an impressive array of real estate transactions including two of the island’s largest and most complex vacant land transfers, commercial transactions, and single-family home sales,