The Nantucket Real Estate Market

The Nantucket Real Estate Market

Nantucket Real Estate Market Update

Great Point Properties closed out our twenty-first anniversary with gratitude for our amazing team and our trusted clients and supporters. 2023 was a year of mixed messages for Nantucket real estate that included record-setting highest home sales, higher average prices amid rising interest rates, more cautious buyers, and modest inventory levels. 2024 promises to present new trends and headlines, and we look forward to keeping you informed along the way.

As of May 31, 2024 vs. 2023 Year to Date

        How Great Point Properties compiles real estate sales statistics.

        Great Point Properties compiles data of Nantucket real estate sales from the Nantucket multiple listing service (LINK), the Town of Nantucket Land Bank records, and the Town of Nantucket Registry of Deeds. Our goal is to provide our clients with a consistent view of the Nantucket real estate market using all available means to verify transactions. Great Point Properties includes all sales that are arm’s length market transactions, whether properties were listed by a real estate office or not. We do not include partial sales, inter-family sales, and timeshare sales. We do include properties restricted by an affordable housing covenant and purchases by conservation organizations.

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        Great Point Properties Monthly Market Reports

        From record-breaking transactions to island areas with the most sales, our Great Point Properties monthly updates give you the latest insight on the Nantucket real estate market.