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March 2017 Nantucket Real Estate Market Insights


Market Insights

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Sales activity for the first quarter of 2017 included 88 transactions totaling $172.6 million, a 17 (#) percent and 12 percent ($) decline from one year ago. Although year-to-date sales activity trailed the same period in 2016, the momentum of contract activity coupled with a noticeable decline in inventory suggests we will see an increase in both transactions and prices as we move toward the second quarter.