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June 2016 Nantucket Real Estate Market Insights


Market Insights

June 2016 Market Insight Report

Fisher’s Nantucket Real Estate Report: First Half 2016

The Nantucket real estate market held a steady course for yet another month with June transaction activity surging 28 percent (#) and 21 percent ($) ahead of June 2015, bringing total real estate sales to 222 transactions totaling $410 million. The combined strength in transaction and dollar volume lofted 1H16 to the second best six-month performance since 2006. Residential home sales led the charge, rising 29 percent, while vacant lot sales declined from one year ago. June contract activity moderated compared to previous months, though second quarter contracts were, on the whole, even with the strong first quarter activity. Price reductions increased from prior years, though the average price discount declined.