Our monthly Market Report provides meaningful and valuable information, to empower buyers and sellers who are considering a real estate transaction in Nassau or Paradise Island (Bahamas).

If you're considering selling your property or buying property on Nassau or Paradise Island, it's essential to understand what's happening in The Bahamas' real estate market. Knowing the most important data, such as median and average prices, the number of properties sold, the number of new listings, and the days on the market will better prepare you for selling or buying.

We are happy to share our April 2026 analysis of the Nassau and Paradise Island market. We also encourage you to review our quarterly market reports on Abaco, Eleuthera, Exuma, Grand Bahama and New Providence.

Our market reports provide Morley's interpretation of the data from the Bahamas Real Estate Association MLS. Even though the MLS does not include all real estate sales and related real estate data, we believe the MLS data is reasonable and consistent to be reliable to use to estimate local real estate trends. 

Here's everything that happened in our real estate market last month.

The Nassau housing market in April showed continued growth in listing and contract activity, while completed sales improved for the month despite remaining lower on a year-to-date basis. Pricing trends softened compared to last year, reflecting a shift in the mix of homes sold.

New Listings increased 11.1% year-over-year, rising to 40 homes compared to 36 in April 2025. Year-to-date (YTD), listings are up 32.4%, with 225 homes brought to market compared to 170 during the same period last year, indicating continued improvement in available inventory.

Contracted Sales rose 36.1% YoY to 49 homes, up from 36 in April 2025. This strong performance is also reflected YTD, with contract activity increasing 65.7% to 222 homes compared to 134 last year, highlighting sustained buyer demand across the housing market.

Completed Sales increased 58.3% YoY to 19 closings compared to 12 in April 2025. However,
on a YTD basis, completed sales remain down 22.0%, with 46 closings compared to 59 last year, suggesting that while monthly closings improved, overall transaction completions are still trailing the prior year.

Market pace slowed significantly during the month, with Median Days on Market rising
124.8% YoY to 245 days from 109 days in April 2025. YTD figures also show a slower pace, with median days on market increasing 75.0% to 158 days compared to 90 days last year, indicating that homes are taking longer to sell.

Pricing trends declined compared to last year. The Median Sales Price fell 34.6% YoY to $515,000 from $787,500, and is down 26.4% YTD from $700,000 in 2025. The Average Sales Price also decreased 11.6% YoY to $741,053 from $837,875, with a modest 3.1% YTD decline to $1,097,543 compared to $1,133,059 last year. These declines likely reflect a greater concentration of lower-priced home sales during the period.

The Average List-to-Sale Ratio declined 5.0% YoY to 89.4% from 94.2%, indicating that buyers negotiated more off asking price compared to last April. However, on a YTD basis, the ratio improved slightly by 0.3% to 93.6% from 93.3%, suggesting that sellers are still achieving relatively similar pricing compared to the broader prior-year period.

Overall, April’s housing data reflects a market with expanding inventory and strong contract activity, supported by a meaningful increase in monthly completed sales. While pricing softened and days on market increased, the continued strength in buyer demand suggests that market activity remains healthy, with many transactions still progressing through the pipeline.

The Nassau land market in April showed strong contract activity and improved year-to-date transaction volume, while monthly new listings declined and pricing trends remained mixed.

New Listings declined 30.8% YoY to 9 parcels compared to 13 in April 2025. However, YTD listings are up 36.9%, with 89 parcels brought to market compared to 65 during the same period last year, indicating that overall land inventory has expanded despite the slower month.

Contracted Sales increased 62.9% YoY to 57 parcels, up from 35 in April 2025. On a YTD basis, contract activity is up 40.3%, with 174 parcels under contract compared to 124 last year, reflecting continued strong buyer interest in land.

Completed Sales were unchanged year-over-year at 8 closings. However, YTD completed sales have increased 42.1%, with 27 closings compared to 19 in 2025, suggesting that more land transactions are progressing to completion compared to last year.

Market pace improved during the month, with Median Days on Market decreasing 41.3% YoY to 130 days from 221 days in April 2025. YTD figures also show improvement, with median days on market down 26.9% to 147 days compared to 201 days last year, indicating that land parcels are selling nearly two months faster than they were during the same period last year.

Pricing trends were mixed. The Median Sales Price declined 13.6% YoY to $142,500 from $165,000, and is down 14.8% YTD from $135,000 to $115,000. In contrast, the Average Sales Price increased sharply, rising 149.7% YoY to $796,375 from $318,938, and is up 40.8% YTD to $355,278 compared to $252,289 last year. This divergence likely reflects a mix of lower median-priced transactions alongside several higher-value land sales that lifted the average.

The Average List-to-Sale Ratio declined slightly YoY to 95.2% from 96.2%, a 1.0% decrease. However, on a YTD basis, the ratio improved 1.2% to 94.7% from 93.5%, suggesting that sellers are achieving slightly stronger pricing relative to asking price across the broader year-to-date period.

Overall, April’s land data reflects a market with strong buyer demand, faster selling times, and improved YTD transaction activity. While median pricing softened, the increase in average price and continued strength in contract activity point to a land market that remains active and resilient.

We're able to explain what these numbers mean for you and better guide you to make an informed decision that is best for you based on the current market conditions.