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 July 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. 

The residential market in Nassau continued its uneven recovery in July 2025, with encouraging signs of buyer activity and pricing strength despite year-to-date drops and a decline in final closings.

New Listings increased by 10.2% year-over-year (YoY), with 54 new homes entering the market compared to 49 last July. While this helps with short-term buyer demand, year-to-date (YTD) inventory is still down 16.0%.

Contracted Sales rose 40.5% YoY to 52 homes under agreement, an optimistic signal that buyers remain active during the summer months. Similarly, total YTD contracts are also up 40.2% from 2024, showing that buyer interest has remained high.

Completed Sales dropped 13.0% YoY to 20 closings. Similarly, YTD Completed Sales are down 7.5%, reinforcing that not all buyer interest is converting into final transactions. This may reflect financing delays or uncertainty among buyers.

The most notable shift was in Median Days on Market, which fell sharply by 58.6% YoY to just 89 days, down from 215. This suggests properties are moving faster, possibly due to more competitive pricing or improved buyer readiness.

Pricing surged this month. The Median Sales Price rose 62.3% to $649,000, while the Average Price climbed 50.0% to just over $1 million. These increases indicate solid demand at the higher end of the market. Even so, the YTD Average Price remains 25.3% below last year, suggesting that fewer luxury deals have occurred overall in 2025.

The Average List-to-Sale Price Ratio rose to 93.1%, up 1.5% YoY, while the YTD figure remains stable at 93.2%. This reflects continued alignment between seller expectations and buyer offers.

In summary, July brought renewed momentum in Nassau’s housing market, marked by quicker sales and higher prices. Contract activity improved sharply, though annual trends suggest there’s still ground to recover.

Home Market Indicators

New Listings, Contracted Sales & Completed Sales

 Average & Median Price

The land market in Nassau showed further signs of slowing in July 2025, with declines in listings, sales, and prices across nearly all indicators.

New Listings dropped 18.8% YoY to 26 parcels. YTD listings are down even more significantly—by 42.6%—highlighting limited new inventory in the land segment.

Contracted Sales increased 135.7% YoY to 33 transactions, and are also up 80.6% YTD. This suggests strong and sustained demand for land despite a lower supply of New Listings.

Completed Sales fell steeply, dropping 68.2% YoY to just 7 closings. The YTD figure is also down 51.2%, reflecting prolonged closing periods or cancellations after contract.

Median Days on Market increased slightly, rising 21.0% YoY to 170 days. However, the land market remains sluggish compared to homes.

Prices weakened significantly. The Median Price dropped 44.5% YoY to $118,000, while the Average Price fell 45.6% to $127,000. YTD, average pricing is also down 8.0%, continuing a broader downward trend.

The Average List-to-Sale Price Ratio declined to 93.8%, a 3.4% drop YoY, showing buyers are negotiating more aggressively. The YTD figure remains just slightly below last year at 94.3%.

Overall, the land market remains under pressure, with increased interest, lower prices, and limited new supply.

Land Market Indicators

New Listings, Contracted Sales & Completed Sales

Average & Median Price