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 June 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 June 2025 data reflect continued shifts in the residential market, with lower pricing, a growing number of listings, and increased contract activity—despite fewer final sales.

New Listings increased by 28.6% year-over-year (YoY), with 54 homes entering the market compared to 42 in June 2024. However, year-to-date (YTD), the inventory remains down by 19.7%, underscoring persistent supply-side constraints.

Contracted Sales rose sharply, up 119.2% YoY to 57, showing strong mid-year buyer engagement. YTD, contracts are up 40.1% with 248 homes under agreement compared to 177 at this point last year.

Completed Sales declined 30.8% YoY, with only 9 closings in June. This drop reflects ongoing delays or Contracted Sales falling through. YTD sales are down 6.0% to 78, from 83 last year.

Median Days on the Market (DOM) spiked 165.5% YoY, jumping to 154 days compared to 58 last June. YTD DOM is holding steady at 94 days, very similar to 2024, suggesting this month's increase may be temporary.

Pricing dropped significantly. The Median Price fell by 36.5% YoY to $495,000, and the Average Price dropped 60.5% to $591,500. On a YTD basis, the median is actually up 4.9%, but the average is down 32.7%, hinting at fewer high-end transactions.

The Average List-to-Sale Price Ratio ticked up slightly YoY to 94.6%, a 1.2% gain. YTD, it dipped by 1.6% to 93.3%, still suggesting room for buyer negotiation.

Overall, June's home market shows a notable rebound in buyer interest, as evidenced by the number of contracts, even as closed deals and price points return to normal levels.

Home Market Indicators

New Listings, Contracted Sales & Completed Sales

 Average & Median Price

The land market in Nassau and Paradise Island posted mixed signals in June 2025, with declining sales and prices despite some listing and value gains.

New Listings dropped 27.8% YoY to 26 parcels compared to 36 in June 2024. YTD listings are down significantly by 46.1%, totaling 117 lots versus 217 last year, reinforcing the lower inventory levels.

Contracted Sales increased 412.5% YoY, up to 41 compared to 8 a year earlier. On a YTD basis, this volume is also up 73.9%, with 200 Contracted Sales compared to 115 in 2024 so far.

Completed Sales declined by 52.9% YoY to 8 closings. YTD, the volume has also declined by 46.0%, with only 34 deals finalized compared to 63 last year.

Median Days on the Market increased 78.7% YoY, moving from 89 to 159 days this past month, indicating buyers are taking longer to commit. YTD DOM sits at 175 days—up from 105 last year.

Prices showed a mix of trends. The Median Price dropped 31.5% YoY to $157,500, while the Average Price increased 18.5% to $530,625, likely due to a few higher-ticket transactions. However, YTD numbers reflect more declines: the median price is down 25.0% and the average price is down 4.6%.

The Average List-to-Sale Price Ratio declined 7.2% YoY to 91.0%, but YTD, it’s nearly unchanged at 94.4%, indicating sellers are still close to asking but not quite as firm as earlier this year.

In summary, June's land market remains subdued, with fewer closings and contracting deals despite higher average values and a nearly flat list-to-sale ratio. Inventory remains tight, but buyers continue to move cautiously.

Land Market Indicators

New Listings, Contracted Sales & Completed Sales

Average & Median Price