We are happy to announce that in November we surpassed the total dollar volume of sales compared to all of 2024.   We still have three more reporting weeks in December which we will include in our 2025 Year End Summary.

📈 Sales Overview Resale activity picked back up again compared to resales in October, however there are still a couple of price ranges where sales compared to available inventory are weak.

🛠️ MLS System Transition This is the last time we will comment on the MLS.  Earlier in the year we had transitioned to a new provider and experienced lots of accuracy problems. However, those issues seem to be behind us, and our website should now represent fairly accurately all of the listings that are in the MLS.

🌎 Market Outlook Analysis We are just beginning the Snowbird season and based on our email volume we are expecting the next few months to be good for resales in San Miguel de Allende.

From the data above it is obvious that there are still some red flags for sellers within a few price ranges. To overcome the high inventory, it is important for sellers to consider how their home will be perceived in the eyes of potential buyers as compared to the other homes being offered within your price range. 

Adjusting the price is a straightforward solution but should not be the only focus. I suggest taking care of any differed maintenance or painting to ensure that your home is not perceived as “needing work” or a “fixer upper” which the majority of buyers avoid.

External Market Influences We are keeping our eyes on the U.S. residential resale market as there are currently some signs of stress with way more seller than there are buyers.  If sellers in the US can’t sell their homes, it will affect the San Miguel real estate resale market.

We continue to monitor both US and global geopolitical trends as they can significantly influence our San Miguel de Allende resale market.

Thank you for your continued trust. Our goal is to provide open communication and transparent guidance as the market evolves.

* As you review the sales data, keep in mind that San Miguel typically maintains twelve or more months of inventory in every price range, even during boom years. Thus, fifteen to eighteen months of inventory is considered standard. Since San Miguel predominantly operates as a cash market, our statistics will never align with those of the U.S. or Canada where inventory is measured in days versus months.