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September 2019 Nantucket Real Estate Market Insights


Market Insights

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So far in 2019, and unlike 2018, we’ve seen a more traditional quarterly sales volume trend that steadily increased from the first to the third quarters. In fact, despite a decline in year-over-year September sales figures, cumulative transaction and dollar volume in the second quarter surpassed 2018 levels by a respective 10 and 12 percent. Single-family home sales still lagged 2018 activity on a year-to-date basis but the median value rose while the average marketing time shortened. Sales by price point and summer contract activity indicate strength in the $3 million to $4 million segment, while the ultra-high-end trailed previous years’ figures. New purchase activity was generally stronger than the past few years while price reduction activity in September rose above 2018. Here are Fisher’s September Market Insights…