June 2017 Nantucket real estate sales included 47 transactions totaling $97.1 million, a dramatic increase from May 2017 and a modest increase of two percent and 12 percent respectively from one year ago. On a cumulative basis, first half sales activity through June 30, 2017 included 188 transactions totaling $381.8 million, a 15 (#) percent and 6 percent ($) decline from the same period one year ago. Historically low property inventory, particularly in the sub-$2 million market, was the primary driver of reduced transaction activity for both residential and vacant land sales. On the new activity front, purchase contracts for 1H17 were higher than 1H16 suggesting this year may see a better second half than one year ago. Here are Fisher’s June Market Insights…