While data through the end of the first quarter showcased a head-turning 38 percent year-over-year increase in transaction activity and a 59 percent rise in dollar volume from 2017, Nantucket real estate sales moderated in the second quarter. Sales included 203 transactions totaling $441.7 million through June 30, 2018, marking an eight percent increase in transactions and a 16 percent rise in dollar volume through the same period one year ago. On a transaction basis, this is slightly below the 222 property sales that took place 1H2016 ($407 million) yet higher than every other first half period since 2006. Vacant land transactions led the charge, with units sold rising 59 percent from 1H2017, while single-family home sales rose four percent from the same period. June contract activity was lighter than one year ago, though comparable to June 2016, while total second quarter contract activity was notably lighter than in previous years. Inventory levels rose slightly while price reduction activity declined. Here are Fisher’s Market Insights for 1H18…