A $2.3 million home listing in Nantucket just slashed its price by a whopping 74% after its shoreline eroded drastically in just a few weeks

Major cities are not alone in feeling the effects of climate change. Small vacation towns are starting to get the brunt of sea-level rise—as evidenced by one home listing in Nantucket, Massachusetts. In September 2023, a three-bedroom, two-bath waterfront home in Nantucket—a “beautiful seaside retreat” as described by the sellers—was listed at $2.3 million. Looking at the comparable homes in the area, it was somewhat of a steal. Some listings in the area are as high as $8.2 million, according to Zillow. But after a few months on the market,...