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November 2021 Nantucket Real Estate Market Insights


Market Insights

Jen Shalley Allen
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“Although November real estate sales declined significantly from the record 2021 monthly figures set in October, activity was still mighty impressive.  November transactions included 67 property transfers totaling $211 million, just shy of the record November volume posted in 2020.  These sales buoyed cumulative figures through November 30, 2021 to 657 transactions totaling $2.01 billion, a respective 25 percent and 29 percent increase from one year ago. Single-family home transactions continued to see record-low marketing times but also record-low inventory.  Commercial activity not only posted a monstrous turnaround from one year ago but is poised to set a historic record in transaction and dollar volume.  New contract activity continued its downward trend in an ever-dwindling property inventory environment but is still poised to surpass $2.3 billion.

Here are Fisher’s November market insights from Jennifer Shalley Allen…

Written By

Jen Shalley Allen

Jen has worked on an impressive array of real estate transactions including two of the island’s largest and most complex vacant land transfers, commercial transactions, and single-family home sales,