Mexico received an encouraging wave of positive global attention during the World Cup, with many games hosted throughout the country. International visitors and media outlets portrayed Mexico in an overwhelmingly favorable light, a sentiment amplified by countless enthusiastic social media posts—particularly from travelers across the U.S. and Europe. This type of exposure reliably translates into increased tourism, and San Miguel will no doubt benefit from the momentum.

Adding to that visibility, San Miguel de Allende was recently named Best City in the World by Travel + Leisure for the fourth time. The combination of World Cup publicity and this prestigious recognition positions San Miguel for continued strong interest from both visitors and prospective buyers.

Resale home sales remain solid, though they have softened slightly compared to last year’s exceptionally strong pace. Through June 2026, we’ve recorded 186 resales, down from 220 during the same period in 2025. June delivered slightly above‑average activity, helping counterbalance May’s modest dip and keeping overall momentum steady.

Inventory experienced a notable shift. Resale home inventory decreased from 860 homes in May to 745 in June, a reduction of 81 properties. This indicates that a meaningful number of homes were removed from the market—whether due to withdrawals, expirations, or sellers choosing alternative strategies. We will continue monitoring this trend closely, as sustained declines in inventory can influence pricing dynamics and buyer behavior in the months ahead.

 Market Outlook Analysis

We continue to monitor the U.S. real estate markets and the persistently higher‑than‑normal inventories of homes for sale. As we’ve noted over the past several months, any slowdown or hesitation in the U.S. domestic market often translates into delayed buying decisions here in San Miguel. This pattern remains one of the most important external indicators influencing our resale activity.

 External Market Influences

In addition to the U.S. housing landscape, our team closely tracks both U.S. and global geopolitical developments. These external factors can impact the San Miguel de Allende resale market quickly and significantly, and staying ahead of them allows us to provide the most accurate guidance possible.

As always, we remain committed to delivering timely, transparent insights as conditions evolve.

Thank you for your continued trust in Realty San Miguel for all your real estate needs. We are proud to hold a 4.9‑star rating on Google Business Reviews, and we remain dedicated to providing both buyers and sellers with the highest level of representation.

Philip Hardcastle

 A Note on Inventory and Market Dynamics

As you review the sales data, it’s important to remember that San Miguel traditionally carries twelve or more months of inventory across most price ranges—even during strong market cycles. In fact, fifteen to eighteen months of inventory is considered normal for our market.

Because San Miguel functions primarily as a cash market, our absorption rates and inventory timelines will never mirror those of the U.S. or Canada, where mortgage‑driven markets often measure inventory in days or weeks rather than months.