While inventory at this time is lower than it has been in March for the previous 2 years, sales are continuing to outpace, up 35% from last year YTD. With inventory lower and demand increasing average and median home prices have increased. For sellers this translates into a great time to sell your home, especially early spring before the seasonal influx of properties come on the market.
For buyers, a competitive market does not mean your dream home is out of your reach, it does however, mean that it is even more important to work with a realtor with an in depth knowledge of Nantucket's real estate market and be ready to buy. This is the usual for Nantucket, where a limited, global destination creates a unique real estate market that requires expertise to navigate.