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June 2022 Nantucket Real Estate Market Insights


Market Insights

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“Though 2022 sales volume has struggled thus to keep pace with the monstrous momentum of 2021, the Nantucket real estate market is still enjoying one of its best years yet. Through June 30, 2022, activity tallied 207 transactions totaling $692 million, a respective 39 percent and 22 percent decline from one year ago, but the third highest transaction volume and second highest dollar volume for any similar period in history. Market-wide appreciation in property values – compounded by continued strength in the high-end – are the driving factors for such healthy dollar volume. If inventory levels weren’t at historic lows (144 properties at the time of this writing), one must wonder if transaction volume would be substantially higher.”

Here are Fisher’s June market insights from Jennifer Shalley Allen…