Our monthly Market Report provides meaningful and valuable information to help buyers and sellers make informed real estate decisions in Nassau and Paradise Island, Bahamas.

If you're considering buying or selling property, understanding current market conditions is essential. Key indicators such as median and average sales prices, new listings, contracted and completed sales, and days on the market provide valuable insight into market trends and activity.

We are pleased to share our October 2026 analysis of the Nassau and Paradise Island real estate market, highlighting the latest trends in both residential homes and vacant land. We also encourage you to explore our recently published Q3 2026 Quarterly Market Report, which provides a broader look at real estate trends across Abaco, Eleuthera, Exuma, Grand Bahama, and New Providence.

Our market reports reflect Morley Realty's interpretation of data from the Bahamas Real Estate Association's Multiple Listing Service (MLS). While the MLS does not capture every real estate transaction in The Bahamas, we believe its data provides a reasonable and consistent basis for identifying and evaluating local market trends.

The Nassau housing market in October recorded stronger contracted and completed sales activity compared to last year, despite fewer new listings. Market pace slowed considerably, while median sales prices increased and average prices declined. Year-to-date figures continue to show stronger transaction activity and higher average pricing, although homes are taking longer to sell.

New Listings declined 8.7% YoY, with 42 homes brought to market compared to 46 in October 2025. Despite the monthly decline, YTD new listings remain up 5.8%, increasing to 478 homes from 452 last year.

Contracted Sales increased significantly by 42.4% YoY to 47 homes, compared to 33 in October 2025. YTD contracted sales remain considerably stronger, rising 19.7% to 510 homes from 426 last year, reflecting continued strength in buyer activity.

Completed Sales increased 12.5% YoY, with 18 closings compared to 16 in October 2025. YTD completed sales also remain 5.0% higher, increasing to 146 closings from 139 last year.

Market pace slowed considerably during October, with Median Days on the Market increasing 146.8% YoY to 172 days from 70 days in October 2025. The broader YTD trend also reflects slower selling times, with median days on market increasing 39.7% to 122 days compared to 87 days last year.

Pricing trends were mixed during the month. The Median Sales Price increased 9.3% YoY to $615,000 from $562,500, while the Average Sales Price declined 40.6% to $1,062,833 compared to $1,789,938 last October. YTD, the Median Sales Price is down 1.7% to $585,000, while the Average Sales Price has increased 23.0% to $1,491,638. The decline in October's average price suggests that higher-value transactions had a greater influence on pricing in October 2025.

The Average List-to-Sale Ratio declined to 92.1% from 93.4%, a decrease of 1.3%. YTD, the ratio improved modestly to 93.7% from 93.3%, reflecting continued stability in selling prices relative to asking values.

Overall, October's housing data reflects stronger sales activity but a slower market pace, with mixed pricing trends compared to 2025.

The Nassau land market in October recorded stronger completed sales activity and higher average pricing, despite declines in new listings and contracted sales. Market pace improved, while median prices declined considerably. Year-to-date figures continue to show stronger transaction activity, faster selling times, and substantial growth in average pricing.

New Listings declined 40.6% YoY, with 19 parcels brought to market compared to 32 in October 2025. YTD new listings also remain lower, declining 4.1% to 208 parcels from 217 last year.

Contracted Sales declined 12.9% YoY to 27 parcels, compared to 31 in October 2025. However, YTD contracted sales remain considerably stronger, rising 19.4% to 387 parcels from 324 last year, highlighting continued strength in buyer activity.

Completed Sales increased significantly by 71.4% YoY, with 12 closings compared to 7 in October 2025. YTD completed sales also remain substantially higher, increasing 38.6% to 79 closings from 57 last year.

Market pace improved during October, with Median Days on the Market declining 15.3% YoY to 158 days from 186 days in October 2025. The broader YTD trend also remains improved, with median days on market declining 12.4% to 141 days compared to 161 days last year.

Pricing trends were mixed during the month. The Median Sales Price declined 40.4% YoY to $140,000 from $235,000, while the Average Sales Price increased 43.0% to $382,392 compared to $267,429 last October. YTD, the Median Sales Price remains unchanged at $150,000, while the Average Sales Price has increased substantially by 80.3% to $468,574 from $259,819. The difference between median and average pricing suggests that higher-value transactions continue to have a considerable influence on overall pricing figures.

The Average List-to-Sale Ratio declined to 90.0% from 92.9%, a decrease of 3.2%, indicating that parcels sold at greater discounts to their asking prices during October. However, the YTD ratio improved to 95.3% from 93.9%, an increase of 1.4%.

Overall, October's land data reflects improved sales completions and market pace, although reduced listing activity and mixed pricing trends highlight continued variation across market indicators.

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.