New Providence

Market Summary

In February, the volume of home sales continued to increase over the past 3 months, while the median price continued to increase slightly. The demand for land sales remained consistent with prior months, supported by the number of sales in February while the median price decreased slightly from January. The median "days on market" data indicate that the homes sold in February had been on the market for a longer period of time (122 days) versus in January (66 days) while the median "days on the market" for land sales decreased in February to 87 days (from 104 days in January). The most interesting fact for February is that the number of new listings of homes increased significantly (January = 33 vs. February = 85) as did the number of new listings of land (January = 12 vs. February = 64). In both categories, the number of new listings far exceeded the number of sales, therefore adding more listings to the market than in prior months. In summary February sales demand continued and an increased supply of new listings came on the market in New Providence.

Abaco

Market Summary

In February, the volume of home sales continued to increase slightly over the past 3 months, while the median price decreased below January but is still higher than the median price in 2022. The demand for land sales increased considerably over the prior months, supported by the number of sales in February while the median price increased from January. The median "days on market" data indicate that the homes sold in February had been on the market for a longer period of time (140 days) versus in January (58 days) whereas the median "days on the market" for land sales remained the same as January (168 days). The most interesting fact for February is that the number of new listings of homes increased significantly (January = 12 vs. February = 23) as did the number of new listings of land (January = 12 vs. February = 39). In both categories, the number of new listings far exceeded the number of sales, therefore adding more listings to the market than in prior months. In summary, February sales demand continued and an increased supply of new listings came on the market in Abaco.

Eleuthera

Market Summary

In February, the volume of home sales decreased slightly over the past 3 months, while the median price increased well above the median price for the past 5 months. The demand for land sales increased considerably over the prior months, supported by the number of sales in February while the median price decreased from January. The median "days on market" data indicate that the homes sold in February had been on the market for a shorter period of time (91 days) versus in January (228 days) whereas the median "days on the market" for land sales also decreased in February (40 days) versus in January (73 days). The most interesting fact for February is that the number of new listings of homes increased significantly (January = 5 vs. February = 15) whereas the number of new listings of land slightly increased (January = 15 vs. February = 17). In both categories, the number of new listings far exceeded the number of sales, therefore adding more listings to the market than in prior months. In summary, February sales demand continued and an increased supply of new listings came on the market in Eleuthera.

Exuma

Market Summary

In February, the volume of home sales decreased slightly over the past 2 months, while the median price also decreased below the median price for January but comparable to December. The demand for land sales increased considerably over the prior months, supported by the number of sales in February while the median price increased considerably over prior months. The median "days on market" data indicate that the homes sold in February had been on the market for a longer period of time (148 days) versus in January (100 days) whereas the median "days on the market" for land sales also decreased in February (118 days) versus prior months. The most interesting fact for February is that the number of new listings of homes increased significantly (January = 0 vs. February = 6) and the number of new listings of land significantly increased (January = 3 vs. February = 17). In both categories, the number of new listings far exceeded the number of sales, therefore adding more listings to the market than in prior months. In summary, February sales demand continued and an increased supply of new listings came on the market in Exuma.

Grand Bahama

Market Summary

In February, the volume of home sales continued to increase over the past 2 months, while the median price slightly decreased below the median price for January and December. The demand for land sales increased over the prior months, supported by the number of sales in February while the median price increased considerably over prior months. The median "days on market" data indicate that the homes sold in February had been on the market for a longer period of time (216 days) versus in January (183 days) whereas the median "days on the market" for land sales also decreased in February (92 days) versus prior months. The most interesting fact for February is that the number of new listings of homes increased significantly (January = 12 vs. February = 28) and the number of new listings of land significantly increased (January = 34 vs. February = 12). In both categories, the number of new listings far exceeded the number of sales, therefore adding more listings to the market than in prior months. In summary, February sales demand continued and an increased supply of new listings came on the market in Grand Bahama.