There are four major factors that influence how fast your home will sell.  

1. Location - You’ve probably already heard that real estate is all about location, location, location. It’s true.
2. Condition - Homes that are in great condition, both in terms of design and maintenance, always sell faster than those homes that are lacking along these lines. If you have any deferred maintenance it would be wise to take care of those issues.
3. Price - Since your home will be competing against other homes for sale, it’s important that your home is priced so that it stands out compared to homes in a similar location and condition.
4. Exposure - You may have heard the saying, “Doing business without advertising is like winking at a girl in the dark.” Realty San Miguel has invested a lot to bring our sellers incomparable exposure for their properties. Our website receives over 3,000,000 page views a year.

Many sellers are shocked to learn that the average time on market in San Miguel is measured in months, compared to days in the US and Canada. Since 2007, the average time on market has ranged between 6 months in boom times to over 24 months in the slower times. 

Of course there are always properties which will go under contact within days or a few short weeks after they are listed. This usually happens because of its location, condition, attractive price or a combination of all three.

The current inventory also plays into this. When inventory is high, your property will be competing against a lot of similar homes. When the inventory is low your property may be only one of a few in your price range or area and it will sell faster.

To give you some perspective, the lowest inventory we've seen since 2007 was in late 2017 when there were only 175 properties listed for sale, which represented around 6 months of inventory. The highest inventory we've seen has been 1,350 properties for sale in mid-2024, and when compared to the rate of actual sales, represented 42 months of inventory. This means that at the current rate of sales and assuming no more properties were put on the market, it would take 42 months to sell off all of those properties.

All of this makes who you list your property with of utmost importance. Our agents will give you an honest and accurate evaluation of both your property and the current market so that together you can determine the price that best suits your immediate needs.”  

"A well priced property will always sell" is a truism that still applies today.