For the first time this year, cumulative Nantucket real estate transaction volume dipped below 2017 levels. August property sales included 23 transactions totaling $46.6 million, a respective 32 percent and 52 percent decline from August 2017. Year-to-date sales through August 31, 2018 included 252 transactions totaling $566.1 million— a 2 percent year-over-year decline in transactions but a 1 percent increase in dollar volume. This marks the third consecutive month where transaction activity was more than 20 percent lower than the same period one year ago.