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 October 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 showed signs of cooling in October, marked by lower listing activity, fewer completed sales, and extended selling times — though pricing trends remained mixed.

New Listings dropped 19.3% year-over-year (YoY), with just 46 homes entering the market compared to 57 in October 2024. Year-to-date (YTD), listings are down 16.9%, continuing the trend of limited new supply seen throughout 2025.

Contracted Sales saw a modest 2.9% YoY decline to 33 homes, though YTD contracts remain up 32.7%, showing that buyer demand has largely held steady even amid tighter inventory.

Completed Sales, on the other hand, increased by 33.3% YoY to 16 closings, while YTD figures are down 3.5%. This suggests that while buyer interest is consistent, the number of finalized transactions has also remained steady.

Market pace softened considerably — Median Days on the Market dropped 58.0% YoY to 70 days, reflecting shorter negotiation and closing timelines. Pricing, however, was somewhat stronger; the Median Price increased 9.3% to $587,500, and the Average Price jumped 48.8% to nearly $1.94 million, signaling that higher-value properties continue to drive averages upward.

The Average List-to-Sale Ratio held steady at 93.4%, nearly unchanged from last year, indicating that sellers are still achieving close to their asking prices.

Overall, October’s housing data highlights a slower-moving market with sustained buyer demand but limited new inventory — resulting in longer selling times and continued upward pressure on prices at the higher end.

The Nassau land market saw a generally quiet October, with limited movement in new listings and sharper changes in both sales and pricing.

New Listings were mostly stable, inching up 3.2% YoY to 32 parcels, though YTD figures remain down 38.9%, reflecting the continued lack of new land inventory coming to market compared to last year.

Contracted Sales rose 10.7% YoY to 31 parcels, a positive sign after several months of softer activity, though this momentum has yet to translate into closed sales. Completed Sales fell
sharply, down 41.7% YoY to 7 closings, and YTD totals are down more than 50%, underscoring the slower pace of final transactions this year.

The Median Days on the Market increased by 26.5% to 108 days, suggesting that when land does sell, it’s moving a bit slower than last year. However, Median Price rose 21.4% to $235,000, while the Average Price slipped 9.7% to about $317,000, showing mixed movement depending on parcel type and size.

The Average List-to-Sale Ratio remained unchanged from last October, holding at 92.9%. This indicates that sellers are still achieving close to their asking prices, with overall pricing stability
across most segments of the market.

Overall, the October land market continued to display signs of steady demand but lower completion rates, as limited supply and extended selling times continue to shape market performance heading into year-end.

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.