Blue Ridge's real estate market is currently hot with low inventory and high demand. Home prices have increased 8.1% in the past month alone. At the current pace, all available homes in Blue Ridge would sell out in just 0.6 months, indicating a continued supply shortage. Transaction volume is up 400% compared to what's typically expected this time of year. The majority of homes (60.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Blue Ridge market with the affordability index at 1284.4. Based on current market indicators, home prices in Blue Ridge are projected to increase by approximately 3.2% over the next month.
Blue Ridge, AL has a total population of 1,373 residents. The area is predominantly White (95.7%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Blue Ridge, AL.
Market predictions for Blue Ridge, AL show relatively stable home prices with minimal change (0.2%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Blue Ridge, AL is approximately $362,129.655. The stable price trend suggests a balanced market in Blue Ridge, AL, suitable for both buyers and sellers.
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