The market continues to show signs of strengthening with 49 sales in the month of May, an increase of 63% compared to May 2011. The dollars that these sales represent were over $84 million, up 131% compared to the same month one year ago. The sale of residential property is showing the strongest signs of recovery with the number of houses sold up 34% compared to one year ago. The average price of a Nantucket property is now up to $1,434,000, up 16.73% from 2011. The average price for a house is now $1,390,000 and for vacant land it is $1,855,000. The average price for commercial property on Nantucket is $1,639,000. Read on for the Year to Date Sales Summary by Month.