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November 2019 Nantucket Real Estate Market Insights


Market Insights

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Nantucket real estate sales through November 30, 2019 included 376 transactions totaling $893 million, a nine percent decrease in transactions and a fifteen percent drop in dollar volume through the same period in 2018. Single-family home transactions saw a reduction in overall volume, particularly in the ultra-high-end of the market, while commercial property sales continued to close in on a 10-year transaction volume record. Overall inventory levels rose less quickly than they did one year ago while new contract activity in November was higher than during the previous three years. While the market is unlikely to hit $1 billion by the end of the year, the expected $950+ million isn’t too shabby and certain segments of the market performed exceedingly well. Here are Fisher’s November Market Insights…