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 December 2025 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 closed out December with stronger listing and contracting activity, while completed sales and pricing showed signs of moderation as the year came to an end.

New Listings increased 26.2% year-over-year (YoY), rising to 53 homes compared to 42 last December. Despite this monthly gain, year-to-date (YTD) listings remain down 10.0%, continuing to reflect a tighter overall supply environment compared to 2024.

Contracted Sales rose sharply, up 47.6% YoY to 31 homes. On a YTD basis, contract activity is up 32.1%, reinforcing that buyer demand remained resilient throughout the year despite shifting market conditions.

Completed Sales declined 21.4% YoY to 11 closings, and YTD sales finished 6.9% lower than last year. This suggests that while buyers are engaging, fewer transactions are reaching completion, likely due to financing, inspections, or pricing negotiations.

Market pace improved meaningfully in December. Median Days on Market fell 35.0% YoY to 77 days, and are down 27.4% YTD, indicating that well-priced homes continue to move relatively quickly.

Pricing trends were mixed but generally supportive. The Median Sales Price increased 9.1% YoY to $750,000, while the Average Sales Price jumped up 25.1% to $1.78 million. On a YTD basis, median pricing is up 8.9%, though average pricing declined slightly, pointing to fewer high-end closings late in the year.

The Average List-to-Sale Ratio dipped marginally to 94.6%, down 0.4% YoY and 0.8% YTD, showing that sellers remain close to asking price but with slightly more negotiation than in 2024.

Overall, December’s home data reflects a market finishing the year with solid buyer engagement, improved marketing times, and stable pricing, even as completed sales remain somewhat constrained.

The Nassau land market ended December with strong gains in listings and contracted sales, while completed sales and pricing softened compared to last year.

New Listings surged 166.7% YoY to 24 parcels, up from just 9 last December. Despite this sharp increase, YTD listings finished 28.3% lower than 2024, underscoring how limited land supply has been for much of the year.

Contracted Sales climbed significantly, up 137.5% YoY to 19 parcels. On a YTD basis, contracts rose 56.4%, confirming sustained demand for land even as inventory remains constrained.

Completed Sales declined 25.0% YoY to 3 closings, and YTD sales ended the year down 50.0%, highlighting the continued gap between buyer interest and finalized transactions.

Market pace improved notably. Median Days on Market dropped 55.9% YoY to 112 days, though YTD days on market remain 43.1% higher than last year, suggesting that while December saw faster movement, land transactions overall continue to take longer to close.

Land pricing softened in December. The Median Sales Price fell 52.3% YoY to $112,000, and the Average Sales Price declined 57.2% to $126,833. On a YTD basis, both median and average prices are lower than 2024, reflecting a shift toward smaller or lower-priced parcels trading this year.

The Average List-to-Sale Ratio improved to 103.9%, up 5.9% YoY, though YTD performance dipped slightly to 94.5%, indicating variability in pricing outcomes depending on parcel type and location.

In summary, December land data points to a market with renewed listing and contract momentum, improved selling times, but continued softness in completed sales and pricing, setting the stage for potential carryover activity into early 2026.

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.