Nantucket: Pending Sales

Main Street

There are currently 88 pending sales on Nantucket, slightly ahead of last year at this time.  The amount of time on the market is now averaging 6 months, down from 9 months last year.  The inventory of listings is 20% lower than it was one year ago.  Pending sales range from a studio condominium unit on Old South Road, listed for $195,000 to a waterfront property in Pocomo, listed at $7,900,000 and scheduled to close this week.  There are many indications that 2014 is going to be a very active year for real estate on Nantucket.

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