October Monthly Market Report

Once again, the real estate market dominated headlines this month with the sale of an Edgartown harbor front estate for $37.5 million. This upset the former record-breaking sale at Blue Heron Farm in July for $37 million. Altogether, three luxury transactions above $10 million drove dollar volume to $170 million, the highest-grossing month of 2025 yet. Beyond these high-end sales, the broader market remains active.

September Monthly Market Report

September delivered the strongest monthly performance of the year in terms of transaction volume. However, while activity was solid, it did not break any records. Compared to the same month last year, there were three more transactions, but nearly all other key metrics were down: total dollar volume was 18.35% lower, and both median and average sale prices declined by 1.68% and 24.48%, respectively.

That said, buyer activity remained steady throughout the month, with 50 pending transactions currently on the books—80% of which are tied to offers made in just the past four weeks. This level of engagement is typical for the tail end of the peak season and is unlikely to carry through into the winter.

Inventory continues to rise, now sitting at 11 months of absorption compared to 9 months at this time last year. As a result, buyers are showing greater price sensitivity and looking for more flexibility from sellers. In September, final sale prices averaged 11% below original asking prices, with a number of homes selling at more than 20% off.

August Market Report

August saw 36 transactions totaling $70 million in gross dollar volume. Although this marks a decline from July's figures, overall market activity remained steady throughout the summer months. The recent uptick in price reductions suggests growing awareness that the peak season is winding down.

Year-to-date, the market has recorded 210 transactions totaling $450 million—an increase from 197 transactions and $359 million during the same period last year. These numbers highlight the market’s continued resilience and sustained buyer interest.

July Monthly Market Report

July saw 28 transactions totaling $85 million, marking the highest-grossing month of the year to date. This is attributable to the sale of 41 Cobbs Hill Road in Chilmark for a record-breaking $37 million. While showing activity is steady, there were 52 price reductions, up 16 from June. New listings slowed with 48 properties hitting the market, down from 79 in June, and total island inventory remains steady at 309 properties. 

June Monthly Market Report

The first half of 2025 has come to a close, and we find the market has continued on a steady path. Transaction volume and dollar volume have both seen slight increases and both median and average prices have risen, with median prices up by 15% and average prices up by 5%.

While new listings continue to enter the market, they are doing so at a slower pace compared to May and June. Typically, inventory peaks around this time, and we currently have 312 properties available. It will be important to monitor this number in the coming weeks, and we will provide an update next month. 

May Monthly Market Report

In April, we reported 21 sales totaling $62 million. The report for May shows an increase to 31 transactions,10 more than the previous month, yet volume is just shy of the same amount. Notably, 70% of the sales were for properties priced under $2.0 [...]

April Monthly Market Report

There were 21 sales for $63 million in April, and two towns stood out: Edgartown tallied nearly 50% of the transactions, and Chilmark owned 40% of the dollar volume with two sales. Had it not been for those sales ($15 million and $9.525 million), volume would have been consistent with the past two months. Year over year, transactions and volume are up 5% and 13%, respectively. Listings are flooding the market, which is not unusual for May, but activity is relatively flat.

March Monthly Market Report

March statistics showed modest changes, with a 5% increase in transactions and a 10% increase in dollar volume. Looking at first quarter totals, sales and dollar volume increased 21% from one year ago due to the strong start in January.

The spring season is approaching, and inventory is steadily increasing, with new listings and properties returning to the market. March saw 16% more homes for sale than last year, and in the past 30 days alone, 62 listings were added, putting the current inventory at 170.

February Monthly Market Report

After the strong start last month, the numbers for February are disappointing in comparison, though still consistent with what we typically see at this time of the year. There were 10 fewer sales for 45% less dollar volume. Despite the decreases, year-to-date transactions and volume are up 17% and 11%, respectively.

Now that the days are longer and the ground is beginning to thaw, it finally seems as though spring is just around the corner. We are available for your questions or comments should you wish to discuss the market in greater depth.

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