Cape & Islands

Cape & Islands

Market Insights

  • Nantucket sales in 2022 dropped 40% after an unstainable increase in transactions in 2021, whereas a continuing lack of inventory led to an increasingly competitive market for buyers with average selling price for single-family homes up 24% to a record $4,372,099.
  • 12.3% of Nantucket homes in 2022 closed for over their asking price, another key indicator of the competition buyers on the island faced.
  • Nantucket Inventory continues to hover around near record lows, with the 2022 summer height of homes at 172, compared to 519 just three years prior.
  • Martha's Vineyard sales dropped 34%, while average selling price 3% to $2,215,355.
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