The Bahamas real estate market exhibited steady growth and resilience in 2024, with median sales prices increasing from $400,000 in 2023 to $432,000 in 2024, highlighting continued confidence in property values. Total property sales rose to 621 in 2024 from 542 in 2023, reflecting increased market activity and buyer interest. While the average days on market moved up slightly from 190 to 198, this indicates a steady pace of transactions, allowing buyers more time for informed decisions. Additionally, the average days to close improved significantly, dropping from 145 in 2023 to 103 in 2024, showcasing greater efficiency in the closing process. These trends underscore the market's strength and its appeal to both investors and homeowners.
