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.