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Please note, that all references to average DAYS ON MARKET in these charts on this page represent the time a home was listed as "Active" in the MLS, and available for buyers to place offers.
Buyer's market = more than 6 months of inventory based on closed sales Neutral market = 3 - 6 months of inventory based on closed sales Seller's market = less than 3 months of inventory based on closed sales
BLUE RIDGE HOME INVENTORY LEVELS
The total home inventory is simply the number of homes currently available for purchase in a given market area. Typically, as the number of available homes goes down, price goes up due to the law of supply and demand. However, this increase can be limited by the income of prospective buyers as well. The chart below shows a 12 month average of active homes for sale in Blue Ridge.
BLUE RIDGESOLD HOME DATA
NUMBER OF HOMES SOLD IN BLUE RIDGE
AVERAGE SELLING PRICE OF HOMES IN BLUE RIDGE
AVERAGE DAYS ON MARKET IN BLUE RIDGE
AVERAGE PRICE PER SQUARE FOOT IN BLUE RIDGE
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