With summer in full swing and the year already at its halfway point, it's a great time to reflect on a strong first and second quarter. Both periods outperformed last year in terms of transactions and total dollar volume, even as average and median home prices have decreased. While it's encouraging to look back, we're also entering one of the most exciting times of the year, with exceptional properties hitting the market and motivated buyers actively pursuing their dream Nantucket homes.

The Nantucket real estate market showed strong performance in April, continuing a promising trend for the year. Compared to April of the previous year, the number of properties sold surged by 63%, dollar volume more than doubled with a 109% increase, the average sold price rose by 28%, and the median sold price grew by 15%. The sustained high demand has been matched with more new listings, properties returning to the market, and fewer homes being removed from the market. Despite these year-over-year changes, the inventory at the end of the month remained nearly the same.

There's always something exciting happening on Nantucket, and we've selected a few of the biggest events taking place for the rest of the year. To make planning easier, we've created preset date searches for rentals. However, if your event isn't listed, feel free to search for custom dates, whether it's for a wedding, a weekend getaway, or your dream summer vacation.

With the first quarter of 2025 behind us, the year is already shaping up to be another strong one for Nantucket real estate. Year-to-date dollar volume has risen by 24%, and transactions are up 43%, signaling a promising start, especially given that 2024 was the fourth-highest year on record for total dollar volume sold. These early trends suggest 2025 should be another robust year. 

49th Nantucket Daffodil Festival April 24-27, 2025

The Nantucket Chamber has announced the 49th annual Nantucket Daffodil Festival. The highly anticipated event includes the always popular classic-car parade and Sconset tailgate picnic, Daffodil Flower Show and Daffy Events held at Children's Beach.

Sotheby’s International Realty has released its 2025 Luxury Outlook℠ report, which delves into emerging trends and key developments set to shape the global luxury real estate landscape in the coming year. The report highlights significant factors including how a US$84 trillion intergenerational wealth transfer may affect the real estate market, where 135,000 high-net-worth individuals (HNWIs) are projected to relocate, and the profound impact of “Best Places to Live” rankings on a city’s property values and inventory levels.

Overall, 2024 was another remarkable year for Nantucket real estate, marking the fourth-highest year on record in dollar volume. It was also the first time since 2021 that sales and dollar volume surpassed the previous year, giving plenty of reasons to celebrate. Maury People Sotheby’s International Realty had an exceptional year, once again securing its position as the top agency on Nantucket in the number of listings sold and the highest dollar volume sold.

Mark Your Calendar!

The Steamship Authority has announced their opening dates for summer auto reservations. Beginning Tuesday, January 28, 2025 at 8:00 a.m to February 3, 2025, reservations for travel with an automobile to Nantucket from May 13, 2025, through October 21, 2025 may be made via the internet.