MAY MARKET REPORT
STATISTICS & ANALYSIS
MONTH VS. MONTH SALES AS OF MAY 31, 2025
YEAR-TO-DATE SALES AS OF MAY 31, 2025
May was a smaller month than anticipated for the Nantucket real estate market. May total dollar volume was $54.1 million - a 23.6% decrease from May 2024. Transactions were slightly down as well, dropping from 22 last May to 20 this month, marking a 9.1% decrease. While May was slightly lower than historical standards, 2025 is still off to a good start as we enter the market’s most active season. Year-to-date for 2025, total dollar volume has hit $404.7 million, up 24.7% from the $324.5 million recorded by this time last year. Transactions are also green for 2025, up 41.2% from the prior year. Excluding the COVID years, of 2021 and 2022, 2025 has seen the highest dollar volume the island’s real estate market has seen through this point of the year on record.
MAY MARKET REPORT
ALL SALES AS OF MAY 31
HOUSE SALES AS OF MAY 31
LAND SALES AS OF MAY 31
TRENDS & TRANSACTIONS
As mentioned in April, a trend that we are paying attention to is the under $2M market. In recent years, this segment has had low inventory and few transactions. Under $2M buyers are generally more interest rate sensitive and have seemingly been on the sidelines in hopes of lowering interest rates. However, despite interest rates remaining in the 6.5% - 6.9% range, we saw another 9 of these properties sell in May. Through May of 2024, there were only 18 sales under $2M; thus far in 2025, there have been 35.
*Market data and analysis provided by GPP agent Ethan Ulmer*
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FEATURED LISTING | 9 PLEASANT STREET | $11,995,000
THE CURRENT MARKET AT A GLANCE
$6.2M
AVERAGE ASKING PRICE OF AVAILABLE HOMES
133
AVERAGE DAYS ON MARKET OF AVAILABLE PROPERTIES
94 AVERAGE DAYS ON MARKET OF PENDING PROPERTIES
227 AVAILABLE PROPERTIES
33 NUMBER OF PENDING SALES
