Life on Nantucket Island

Stories and Articles About Year-Round Island Living

Nantucket Real Estate Market continues to improve…

In December 2008, there were 628 total properties listed and out of those, 17 had accepted offers or were under agreement, 2.7%. In December 2009, there were 630 total properties listed and out of those, 33 had accepted offers or were under agreement, 5.2%. In December 2010, there are 593 total properties listed and out of those, 25 have accepted offers and 29 are under agreement, 9.1%. So, the numbers, falling inventory and rising amount of deals, are clearly showing that the Nantucket real estate market is strengthening. Now could be the golden opportunity for buyers while the interest rates are still low and the market is at the bottom…