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 February 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 February showed strong buyer activity, while inventory and pricing trends reflected a more balanced market environment.

New Listings declined slightly year-over-year, falling 9.5% to 38 homes compared to 42 in February 2025. Despite the monthly decline, year-to-date listings remain ahead of last year,
indicating that inventory is gradually improving.

Contracted Sales surged, rising 84.4% YoY to 59 homes. This significant increase highlights strong buyer demand, with year-to-date contract activity now up 59.7% compared to the same period in 2025.

Completed Sales declined 25.0% YoY to 9 closings. While contract activity has increased, many transactions appear to still be moving through the closing process.

Market pace improved notably during the month. Median Days on Market fell to 63 days, a 47.7% decrease compared to February 2025, suggesting that well-priced homes are moving more quickly as buyer demand strengthens.

Pricing softened compared to last year. The Median Sales Price declined 11.5% YoY to $580,000, while the Average Sales Price fell 34.9% to $805,000. These changes likely reflect fewer high-end transactions closing during the month.

The Average List-to-Sale Ratio slipped slightly to 95.3%, indicating that buyers are negotiating modestly below asking price more often than last year.

Overall, February’s data points to a market with strong buyer engagement and faster-moving listings, though pricing and finalized sales remain somewhat softer as transactions continue working through the pipeline.

The Nassau land market in February recorded strong growth in transaction activity, despite a modest decline in new listings.

New Listings fell 8.3% YoY to 22 parcels compared to 24 in February 2025. However, year-to-date listings remain slightly higher than last year, suggesting supply is gradually improving.

Contracted Sales rose sharply, increasing 87.0% YoY to 43 parcels. This surge highlights strong demand for land and increased buyer confidence in the market.

Completed Sales also improved, doubling year-over-year to 6 closings compared to 3 last year. Year-to-date closings have increased significantly as previously contracted deals continue moving toward completion.

Market pace improved modestly, with Median Days on Market declining 10.0% YoY to 184 days. While this indicates some improvement, land transactions continue to require longer timelines due to financing and due diligence.

Pricing remained relatively stable. The Median Sales Price declined slightly by 2.2% YoY to $112,500, while the Average Sales Price increased 6.6% to $113,667, reflecting a mix of property types and values sold during the month.

The Average List-to-Sale Ratio edged down slightly to 95.1%, indicating continued moderate negotiation between buyers and sellers.

Overall, February’s land data reflects strong transaction momentum and steady pricing, supported by robust buyer demand even as listing growth remains limited.

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.