Monthly Report
The Nantucket residential real estate market gained momentum in May, with stronger sales activity and a notable shift toward higher-priced properties driving transaction and dollar volume above last year's levels. While overall year-to-date sales remain below the pace of 2025, average and median sale prices have climbed significantly as a greater share of transactions occurred between $3 million and $5 million, accompanied by an increase in sales above $9 million. Marketing times lengthened modestly, but pricing discounts remained consistent. Encouragingly, new purchase activity accelerated sharply through April and May, with contract volume rebounding after a slow start to the year, signaling improving buyer confidence and providing a positive indicator for sales activity in the months ahead.
Here are my May Market Insights…
