June 2025 Nantucket Real Estate Market Insights

“We’ve officially closed the books on the first half of the year and, thus far, June was the third-best transaction month with 27 property transfers and the second-highest dollar volume month with $96.7 million. On a cumulative basis, the first half of the year tallied 151 real estate transactions totaling $519 million, a respective surge of 45 percent and 15 percent for the same figures one year ago, and the highest totals since 2023. Unlike previous years, however, sales above $10 million have been fewer and sales below $4 million have been more numerous, which has led to a notable drop in the median and average sale values. Monthly contract activity saw a seasonable bump while inventory increased modestly.”