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.