FISHER’S
NANTUCKET REAL ESTATE
NOV ‘24 REVIEW
KEY MARKET METRICS
Market Insights BY JEN ALLEN 2024
ALL PROPERTY TYPES
% CHANGE YOY
5-YEAR AVG.
286
271
6% d
418
$1,255,810
$1,076,203
17% d
$1,376,028
Months on Market
3.9
3
30% d
4.5
Sale Price to Last Ask
95%
96%
-1 f
95%
Active Listings
173
156
11% d
161
Projected Absorption
7
6
17% d
6.9
New Monthly Contracts
18
20
-10% f
38
Transactions Dollar Volume ($ in 000s)
NANTUCKET REAL ESTATE ACTIVITY THROUGH NOVEMBER 2014 - 2024
Dollar Volume
# of Transactions
After strong sales activity in September and October, November sales decreased to more modest levels but were notably higher than monthly figures one year ago. November sales included 25 transactions, including the second, top-dollar transaction of the year. This brought a nice bump to annual dollar volume figures which are vying to match what the market saw in 2022, but with significantly fewer transactions. As to be expected, new purchase activity saw a seasonal dwindle while inventory levels remained consistent among most price points. Here are Fisher’s November Market Insights…
2023
Dollar Volume per Quarter
Q1
Q2
Q3
Q4YTD
# of Transactions
MONTHLY SALES HIGHLIGHTS
HIGHEST RESIDENTIAL SALE
HIGHEST RESALE
LOWEST RESIDENTIAL SALE
$26,000,000
$16,300,000
$795,000
41 JEFFERSON AVENUE MARKETED FOR [5.5 Years]
218 CLIFF ROAD SOLD FOR $15M IN 2022
3C WINDY WAY MARKETED FOR [31 Days]
(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS
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