Following on the heels of a strong first quarter, April transactions tallied just shy of $100 million and were 90 percent higher than April 2024. In total, there were 30 property sales during the month, the highest so far in 2025, and well above the 19 that we saw one year ago. April transactions brought year-to-date figures to 101 property sales amounting to $366 million, a 66 percent change in the number of units sold during this time in 2024, and an increase of 66 percent in total dollar volume. New contract activity, new inventory and even price reductions were exactly the same as in 2024. Here are Fisher’s April Market Insights...
KEY MARKET METRICS
NANTUCKET REAL ESTATE ACTIVITY THROUGH APRIL 2015 - 2025
MONTHLY SALES HIGHLIGHTS
Market Insights BY
JEN ALLEN
SINGLE FAMILY HOME SALES
ROBUST
• As of April 30, 2025, there were just 184 properties listed for sale including residential, commercial, and vacant land listings. This is essentially the same as one year ago and 31 percent higher than the five-year average. As we frequently note, property inventory typically peaks in July, so we have another two to three months before we see a more complete picture of how this year’s inventory will settle.
• In a slight shift from last month, the price points which have seen the biggest increase in listed properties are the $6 million to $7 million segment (double from ‘24) and the $3 million to $4 million segment. Properties priced between $1 million to $2 million saw a year-to-year decline while the $5 million to $6 million price point saw a notable drop.
• The total months’ supply, or how long it would take to sell all listings based on trailing 12-month sales, measured six months, 1.4 months faster compared to this time last year thanks to the increase in trailing transaction activity.
CONTRACT ACTIVITY
• April Single-family home sales tallied 21 transactions during the month, double the amount from one year ago. This brought year-to-date single-family home sales to 67 transactions, an increase of 34 percent from 2024 but just shy of the five-year average of 72 sales. Dollar volume increased by 78 percent from one year ago but also fell just shy of the five-year average.
• Note only was monthly transaction volume higher than in 2024, but there were five single-family sales above $5 million compared to none this time last year. The number of sales between $3 million and $4 million also more than doubled for April transactions. Both of these factors led to an 18 percent increase in the median sale value on a comparative monthly basis for April, but the YTD median sale value held steady at $3.2 million.
• For another consecutive month, the average marketing time in April (5.5 months) remained higher as compared to 2024, while the average sale price to the original and last asking prices widened. Available inventory was nearly identical to this time last year with 144 single-family home listings as of April 30, 2025.
INVENTORY FIGURES STABLE
• During the month of April, there were 23 new purchase contracts recorded, effectively the same number as the previous two months and a good sign considering the stock market volatility during that period. This is the same number of contracts from one year ago but significantly higher than in 2023.
• Of the contracts that were publicly recorded during April, the majority were for properties last listed between $1 million and $3 million (and the exact same amount from one year ago) while two contracts were executed for a property listed above $6 million (compared to none one year ago).
• During the 30-day period ending April 30, 2025, there were 18 price reductions compared to 19 price reductions at this time last year. The average price reduction (from the original list price) was 10 percent, which is on par with the averages we usually see in price reduction activity.
