Hidden Gem Alert: Western NC Market Sees Price Growth + 52% Inventory Spike

[Cole Bossert]

Just pulled the latest numbers from the High Country Association of Realtors (covering Watagua, Ashe, Avery and Alleghany Counties), and there are some interesting signs for anyone watching mountain markets or looking for undervalued, lifestyle-driven rental plays.

Here’s the March 2025 snapshot:

• Median Sales Price: $505,000 — up 4.1% from last month

• Closed Sales: 87 homes sold — a 6.9% increase

• New Listings: 205 — up a massive 51.9% month-over-month

• Active Inventory: 486 homes — up 14.6%

• Days on Market: Dropped 15.5% to 71 days

What does this mean for investors?

We’re seeing a flood of new inventory hit the market at a time when prices are still climbing. That combo is rare. It’s giving buyers—especially cash buyers—a chance to be aggressive while sellers are still optimistic and before competition really kicks in for summer.

The High Country isn’t just a vacation market anymore. Short-term rentals are still strong here, but we’re also seeing increasing demand for mid-term and seasonal housing, especially around App State, healthcare, and remote work relocations. Plus, many of these homes have views, land, or character you won’t find in most suburban flips.

To me, this looks like the sweet spot: prices rising, DOM dropping, and yet more options on the table. That won’t last long.

I’m curious—what are you all seeing in other “lifestyle markets” across the country? Are you seeing a similar window opening in your area, or is this just a unique little moment here in the NC mountains?