Mid-Year Market Update and New Real Estate Listings
With summer in full swing and the year already at its halfway point, it's a great time to reflect on a strong first and second quarter. Both periods outperformed last year in terms of transactions and total dollar volume, even as average and median home prices have decreased. While it's encouraging to look back, we're also entering one of the most exciting times of the year, with exceptional properties hitting the market and motivated buyers actively pursuing their dream Nantucket homes.
Inventory continues to rise. Although still below pre-pandemic levels, it's now nearly 10% higher than this time last year. This gradual shift toward a more balanced market, rather than abrupt changes, is a welcome sign of stability and long-term health in the real estate landscape.
As the market picks up speed, Maury People Sotheby’s International Realty remains at the forefront. At the halfway mark of the year, we are proud to lead the Nantucket real estate market in both closed transaction sides and total dollar volume. Our Main Street office is staying busy with homes going under contract and exciting new listings being added regularly.
Below are some of the newest opportunities we’ve brought to market.
