Compare Listings

October 2019 Nantucket Real Estate Market Insights


Market Insights

Nantucket Real Estate

Just as soon as the year-over-year sales volume gap narrows, it seems to widen back out again. This time, it’s not surprising that monthly figures couldn’t keep pace as October 2018 saw record sales volume, not just for the month of October but for any monthly period in the history of Nantucket sales. October 2019 transaction and sales volume was far from lackluster, however. The 53 transactions totaling $138 million surpassed every monthly period so far this year, as well as October sales volume from 2016 & 2017. Sales included six speculative home sales, the most thus far, an overall decline in average marketing times and a surge in contract activity. While inventory levels may be higher, the market seems to be faring quite well. Here are Fisher’s October Market Insights…