Despite the uncertainty with which 2020 started, the Nantucket real estate market saw a significant increase in buyer demand in early June and momentum never ceased from there.  Full-year results tallied approximately $1.85B in sales, a 50 percent increase from 2019 and $670 million higher than the best market on record in 2005.  Nantucket real estate transactions in 2020 represented the highest number of homes sales ever recorded, the highest number of high-end sales ($5M+) in a one-year period and several new trends, including a record number of pre-construction sales. Here is Fisher’s Annual Market Report…

If you’d asked us in March if the 2020 real estate market would be a record-setter, I imagine none of us would have had any inkling it could be. Boy, were we wrong. All told, the 2020 real estate market tallied approximately $1.85B in sales, a 50 percent increase from 2019 and $670 million higher than the best market on record in 2005. The market made a rapid turnaround in June and momentum never stopped, with month after month posting substantial gains from one year ago.