While last year's first and second quarter real estate sales were slow due to the COVID-19 pandemic, the first half of 2021 has been anything but.
While the real estate market on Nantucket typically heats up in the spring as new homes come on the market and buyers look to purchase for summer occupancy, sales for the first two quarters of 2021 were well above average. Dollar volume is up 170% and the number of sold units is up 160%. We are seeing more new listings compared to last year but not enough to keep up with the demand despite the increase, inventory was down 54% at the end of June. While average sales prices are up and average days on the market are down, buyers who can act quickly and make strong offers can find their dream home on Nantucket. For sellers, this is obviously a great time to sell, however, it is vital that your house is priced accurately as homes priced too aggressively remain unsold.
for more real estate market statistics visit our research page.