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November 2023 Nantucket Real Estate Market Insights


Market Insights

Jen Shalley Allen
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“After a very healthy September and October, November sales activity took a noticeable dip. Monthly sales included just 24 transactions compared to the five-year average of 39, while dollar volume dropped to nearly half of what we typically see this time of year. On a cumulative basis for the 11 months ending November 30, 2023, there were 271 property transfers totaling $1.076 billion, a decline of 31 percent and 26 percent from 2022. Though single-family home sales were the lowest they’ve been since 2011, the value of the units sold, particularly at the high-end, contributed handsomely to year-to-date totals and the average home sale value.”

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,