San Miguel Real Estate Market Update – September 2025

Philip Hardcastle · October 10, 2025

We’re proud to share that San Miguel de Allende has once again been named the Best Small City in the World by the Condé Nast Traveler Readers’ Choice Awards. If we’re counting correctly, this marks five consecutive years that San Miguel has earned this distinction—a testament to its enduring charm and global appeal.

 📈 Sales Overview
Resale activity remains strong. In just the first nine months of 2025, resale transactions are only six sales shy of surpassing all of 2024’s reported resales—a clear indicator of continued market momentum.

 🛠️ MLS System Transition
AMPI San Miguel has officially selected a single MLS provider, streamlining the transition process. Over the coming weeks, the few agencies that had not yet adopted the new system are expected to begin populating their listings. This will result in a more complete and accurate reflection of available inventory across the market.

Our internal team is working closely with the new MLS provider to ensure the most reliable and transparent representation of the San Miguel real estate landscape.

 

🌎 Market Outlook
San Miguel de Allende once again been named the Best Small City in the World—an honor that continues to shine a global spotlight on our community and our real estate market. We anticipate this recognition will further fuel interest and support a positive trajectory in property sales.

I’ll remind sellers to keep an eye on inventory levels within your price range. Although a 12-month supply has historically been typical for San Miguel, certain segments now show heightened competition—meaning your property may be one of many vying for attention, so strategic pricing and presentation remain key.

As always, we’re closely tracking global geopolitical developments and real estate trends. Should any external factors arise that could influence our market outlook, we’ll keep you informed and prepared.

Thank you for your continued trust. We remain committed to providing clear, timely guidance as the market evolves.