Nantucket Real Estate First Quarter Review

As the first quarter of 2021 draws to a close, real estate inventory remains low. While 40 new listings were added in March 2021 (47% more than March of 2020) inventory is not keeping up with demand as 45 properties were sold. When comparing numbers, it is important to remember that at this time last year the real estate market had all but halted as it adjusted to the effects of the pandemic before drastically coming back.

For buyers, it is worth noting that properties are coming on the market and there are choices, but they are selling quickly. Acting fast and being prepared to buy in a competitive market is key.

For sellers, it remains a great time to list your home. If you are thinking of selling, it would be beneficial to discuss your plans with one of our agents who can give valuable insight into current market trends and the value of your home.

 

 

 

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