May sales activity included 19 transactions totaling $55M and was led by the second-highest transaction of the year, the $23.5M waterfront sale of 248 & 250 Polpis Road.  While overall monthly transaction and dollar volume since March certainly trails 2019 activity, contract activity was more robust than it had been in April and early June activity looks promising.  New property listings also made a strong return with 60 listings added to the MLS in May compared to just 22 in April.  Check our website, or join our newsletter, to receive our full market report next week. 

While Fisher Real Estate’s figures put the 2019 Nantucket real estate market at just under the $1 billion mark with a total of 423 transactions, excluding foreclosures and non-market rate transactions, it was nonetheless an impressive year. This is particularly true if you consider that the first quarter of 2019 trailed the first quarter of 2018 by a respective 39 percent and 47 percent on a transaction and dollar volume basis