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July 2016 Nantucket Real Estate Market Insights


Market Insights

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Fisher’s Nantucket Real Estate Report: July 2016

The substantial performance gap that the 2016 Nantucket real estate market held over 2015 narrowed significantly in July as monthly transaction activity fell to one of the lowest on record within the last two years (not surprising when viewing the low contract activity in March). July sales included just 17 transactions totaling $42 million, a 55 percent and 44 percent respective decline from July 2015. Though the yearover-year gap may have narrowed, the 239 transactions totaling $449 million through July 31, 2016 still represent respective increases of eight and 15 percent from one year ago. Additionally, key sales metrics remain among the strongest in Nantucket’s history and early August contracts are off to an excellent start, suggesting that while the market may be moderating from its impressive transaction pace during the first half, the fundamentals remain quite strong. Here are Fisher’s July Market Insights…
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