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 March 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 and Paradise Island housing market in March showed a notable increase in listing activity alongside continued strong buyer demand, while pricing trends reflected a shift in the mix of properties sold.

New Listings rose significantly year-over-year, increasing 79.5% to 79 homes compared to 44 in March 2025. Year-to-date (YTD), listings are up 38.1%, with 185 homes brought to market compared to 134 during the same period last year, indicating a meaningful improvement in
available inventory.

Contracted Sales surged 112.9% YoY to 66 homes, up from 31 in March 2025. This strong performance is also reflected YTD, with contract activity rising 76.5% to 173 homes compared to 98 last year, highlighting sustained and robust buyer demand.

Completed Sales declined 35.0% YoY to 13 closings compared to 20 last year. On a YTD basis, completed sales are down 42.6%, with 27 closings compared to 47 in 2025, suggesting that many transactions are still moving through the pipeline and have yet to finalize.

Market pace slowed slightly during the month, with Median Days on Market rising 12.8% YoY to 97 days from 86 days in March 2025. However, YTD figures show an improvement, with median days on market down 6.7% to 84 days compared to 90 days last year, indicating that the time it takes to sell a home remains relatively healthy.

Pricing trends were mixed. The Median Sales Price declined 25.5% YoY to $514,000 from $690,000, and is also down 17.8% YTD compared to $625,000 in 2025. In contrast, the Average Sales Price increased 64.6% YoY to $1,892,154 from $1,149,820, with a modest 1.6% YTD increase to $1,348,407. This divergence likely reflects a higher concentration
of high-value transactions closing during the period.

The Average List-to-Sale Ratio improved 6.8% YoY to 96.7% from 90.5%, and is up 3.6% YTD from 93.1% to 96.5%, indicating that sellers are achieving closer to asking price with reduced
negotiation compared to last year.

Overall, March’s data reflects a market with expanding inventory and strong buyer engagement. While pricing trends vary based on the mix of properties sold, YTD improvements in demand and market efficiency point to a steadily strengthening housing market.

The Nassau and Paradise Island land market in March experienced a sharp increase in new listings and steady growth in contract activity, while pricing softened and market pace slowed.

New Listings surged 209.1% YoY to 34 parcels compared to 11 in March 2025. YTD, listings are up 53.8%, with 80 parcels compared to 52 last year, indicating a significant increase in
available supply.

Contracted Sales rose 21.6% YoY to 45 parcels, up from 37 last year. On a YTD basis, contract activity is up 31.5%, with 117 parcels under contract compared to 89 in 2025, reflecting continued buyer interest in land.

Completed Sales remained unchanged year-over-year at 5 closings. However, YTD completed sales have increased 72.7%, with 19 closings compared to 11 last year, suggesting that earlier contracts are now progressing toward completion.

Market pace slowed considerably, with Median Days on Market increasing 90.9% YoY to 147 days from 77 days in March 2025. Despite this monthly slowdown, YTD figures show improvement, with median days on market down 15.9% to 169 days compared to 201 last year, indicating better overall market pace across the broader period.

Pricing declined compared to last year. The Median Sales Price fell 64.5% YoY to $115,000 from $324,000, and is down 15.3% YTD from $133,000. Similarly, the Average Sales Price decreased 27.9% YoY to $219,000 from $303,800, with a 16.8% YTD decline from $203,818 to
$169,553. These changes likely reflect a shift toward lower-priced parcels closing during the period.

The Average List-to-Sale Ratio increased 6.4% YoY to 92.6% from 87.0%, and is up 3.1% YTD from 91.6% to 94.4%, suggesting that sellers are achieving slightly stronger pricing relative to
asking price despite overall price softening.

Overall, March’s land data indicates growing inventory and steady demand, supported by improved YTD transaction activity. While pricing has softened and timelines have lengthened, broader trends suggest a gradually strengthening market as transactions continue to move through the pipeline.

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.