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 November 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 shifted again in November, showing a mix of stronger listing activity, softer sales volumes, and continued adjustments in overall market pace.

New Listings surged 51.4% year-over-year (YoY), rising to 56 homes compared to 37 last November. Despite this monthly jump, year-to-date (YTD) listings remain down 12.6%, keeping
overall supply lower than last year.

Contracted Sales held relatively steady, up 17.1% YoY at 41 homes, while YTD contract activity is also up 31.2%, suggesting that buyer interest remains resilient even as inventory fluctuates.

Completed Sales declined 23.5% YoY to 13 closings, and YTD sales are down 5.6%, pointing to fewer finalized transactions as we approach the end of the year.

Market tempo, on the other hand, increased. Median Days on Market dropped 24.5% YoY to 77 days, showing that listings are taking a shorter amount of time to convert as buyers navigate pricing and inventory shifts.

Pricing, however, continued to hold firm. The Median Sales Price increased 4.2% YoY to $625,000. The Average Sales Price moved in the opposite direction, decreasing slightly by 1.9% to remain just over $1 million. These changes reflect a market where demand
persists but is increasingly price-sensitive.

The Average List-to-Sale Ratio dropped 1.9% YoY to 92.8%, though YTD the ratio remains relatively stable at 93.2%, indicating that most sellers are still receiving strong offers relative
to asking price.

Overall, November’s home data points to a market with improved listing activity but softer sales, longer marketing times, and pricing that remains generally supportive — especially
among mid- to upper-tier properties.

The Nassau land market was noticeably more active in November, showing strong listing and contracting momentum despite continued weakness in completed sales.

New Listings climbed significantly, up 154.5% YoY to 28 parcels compared to just 11 a year ago. Even with this jump, YTD listings remain down 33.1%, highlighting how limited land inventory has been throughout 2025 compared to 2024.

Contracted Sales also improved, rising 13.3% YoY to 34 parcels. Similarly, YTD contracts are also up 53.6%, reflecting the increase in demand that this market has experienced this year.

Completed Sales fell 57.1% YoY to just 3 closings, and YTD sales remain down 50.8%, showing that despite stronger buyer interest, fewer transactions are actually reaching completion.

Market pace slowed significantly in November. Median Days on Market jumped 441.2% year-over-year to 184 days, and is also up 51.1% year-to-date. This indicates that when land does sell, it’s taking considerably longer to move compared to last year.

Land pricing showed notable strength in November. The Median Sales Price rose 37.9% year-over-year to $200,000, while the Average Sales Price increased 41.0% to $250,000. Although
both figures are higher than last November, they remain below the price levels recorded throughout 2024 on a YTD basis.

The Average List-to-Sale Ratio rose slightly to 95.1%, with YTD performance at 94.0%, signaling continued consistency between asking and achieved prices.

In summary, the November land market showed a rebound in listing and contracting activity, firmer pricing, and quicker selling times, though completed sales remain subdued, shaping a mixed but improving landscape as the year ends.

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.