A FAST START
The first 2 months of 2012 are off to a very positive start. Nantucket real estate sales have expanded 47% in transactions and 64% in dollar volume over the same time period of 2011.
Although it is a bit early to suggest this will be harbinger for the entire year it is a heartening sign. In addition there are some other metrics that point to an improving market. This chart is a snap shot through the end of February:
Over the last 2 years inventories are down and contracts and sales up. As result the pace of price reductions has slowed. All these factors point to an improving sales market. Today Buyers still have a great opportunity to buy. If the above trends continue, that window maybe closing.
Nantucket, the smallest county in Massachusetts, was the state’s fastest growing last year, according to new data from the US Census Bureau.
The Nantucket Police Department has announced that 2015 beach and residential parking permits are now available for purchase.
The Federal Reserve on Wednesday offered a new window on its response to the Great Recession, publishing complete transcripts of the 11 policy-making meetings held by Fed officials during 2009.
Oil bulls got another piece of bad news today from an unlikely source: the Federal Reserve. U.S. crude production has continued to rise in spite of the collapse in oil prices.
With 2015 now upon us, it is a good time to look at what will be some of the fastest growing real estate markets in the United States.