The winter's record didn't survive the spring — and that's not bad news. The median home price settled to $2.8 million across 44 second-quarter sales, down from Q1's $4.45 million high-water mark, not because values collapsed but because the market broadened: more homes traded under $3 million, and sellers finally showed up. 157 new listings arrived in Q2 — four times the winter's 38 — pushing active residential inventory to 145 homes by the end of June and stretching absorption from 3 months to 10.

Buyers noticed the leverage. Homes closed at roughly 95% of ask on average, and the discounts got bigger at the top — a Shawkemo compound traded at $10 million in May, 23% below its original ask. The trophy tier still moved: 'Sconset's Main Street at $9.2 million, Quidnet at $8.5 million, Town at $9.65 million in June. The honest read: this is the most balanced Nantucket market in years. Sellers who price sharply still command strong numbers; buyers have real choices — and time to think — for the first time in a long while. Source: LINK MLS monthly inventory & sales reports, April–June 2026.