We are at the height of a great Nantucket summer – perfect beach weather, cooler nights and lots of visitors and residents enjoying all that the island has to offer. Activity in the realestate market is up nearly 30% from one year ago and we are solidly on the way to recovery. The inventory is down (620 last year vs. 400 this year), the number of sales on the rise and we have the lowest rates in memory for financing; usually the trifecta that preceeds a rising market. The average price of a Nantucket property (through July) is $1,442,000, higher than it was in 2004 just prior to the ballooning escalation of values. Check it out here.