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 January 2026 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 & Paradise Island housing market opened 2026 with a noticeable increase in new inventory and contract activity, while completed sales and pricing reflected a slower and more selective start to the year.

New Listings rose sharply year-over-year, increasing 41.7% to 68 homes compared to 48 in January 2025. This increase suggests that sellers entered the new year with renewed confidence, adding much-needed supply to the market following a tighter inventory environment last year.

Contracted Sales also strengthened, climbing 37.1% YoY to 48 homes. On a year-to-date basis, contract activity mirrors this increase, indicating that buyer interest remains present despite changing price dynamics and longer decision timelines.

Completed Sales declined significantly, falling 66.7% YoY to just 5 closings. This gap between contract activity and finalized sales highlights ongoing friction in the closing process, likely tied to financing timelines, due diligence, or pricing adjustments.

Market pace slowed in January. Median Days on Market increased to 180 days, up 125.0% YoY, suggesting that homes are taking longer to sell overall, particularly those that are not priced competitively or require additional negotiation.

Pricing softened compared to last year. The Median Sales Price declined 22.6% YoY to $484,000, while the Average Sales Price fell 27.8% to $912,800. These declines point to fewer high-end transactions closing early in the year and a shift toward more mid-range sales activity.

The Average List-to-Sale Ratio improved to 98.1%, up 6.0% YoY, indicating that sellers who are pricing appropriately are achieving results closer to the asking price despite longer marketing times.

Overall, January’s home data reflects a market with increased activity and engagement, but with slower closings and softer pricing as buyers and sellers adjust to early-year conditions.

The Nassau & Paradise Island land market began 2026 with stronger transaction momentum and improving pricing, even as market pace remained extended.

New Listings increased 41.2% YoY to 24 parcels, providing a modest boost to available inventory after a constrained supply environment in 2025.

Contracted Sales remained steady at 29 parcels, unchanged from last year. While growth was flat on a year-over-year basis, this level of contract activity continues to signal consistent demand for land across the market.

Completed Sales rose substantially, increasing 166.7% YoY to 8 closings. This marks a notable improvement in finalized transactions and suggests that previously contracted deals are successfully moving through to completion.

Market pace slowed modestly. Median Days on Market increased 24.9% YoY to 251 days, reinforcing that land transactions continue to require longer timeframes due to financing, approvals, and buyer due diligence.

Land pricing showed positive movement in January. The Median Sales Price increased 8.8% YoY to $144,750, while the Average Sales Price rose 34.4% to $180,563, reflecting a shift toward larger or higher-value parcels trading at the start of the year.

The Average List-to-Sale Ratio edged up slightly to 95.0%, indicating relatively stable pricing outcomes with moderate negotiation between buyers and sellers.

In summary, January land data points to improving sales execution and firmer pricing, supported by steady demand, even as longer marketing and closing timelines remain a defining feature of the land market.

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.