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October 2022 Nantucket Real Estate Market Insights


Market Insights

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“Thanks to solid activity in the upper end of the market in October, Nantucket real estate saw its highest monthly dollar volume so far this year. Monthly sales included 51 transactions totaling $207 million, slightly higher than the previous high-water market of $202 million set back in April. On a cumulative basis for the 10 months ending October 31, 2022, there were 346 property transfers totaling $1.27 billion, a decline of 41 percent and 30 percent from 2021 but a 61 percent and four percent respective increase from 2019 figures. 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. In fact, the 2022 market could well approach 2020 dollar volume.”

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