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October 2021 Nantucket Real Estate Market Insights


Market Insights

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“The Nantucket real estate market continued to fire on all cylinders in October, with several notable high-end sales and an impressive array of commercial property transfers. Monthly sales included 81 transactions totaling $343 million, the third highest monthly dollar volume in Nantucket history bested only by 2020 figures.  On a cumulative basis for the 10 months ending October 31, 2021, there were 590 property transfers totaling $1.8 billion.  Single-family homes sales hit record numbers, with nearly 400 homes sold, as rapid marketing times and minimal discounts continued.  Inventory levels reached new depths while contract activity appeared to be adversely affected by limited property supply.

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