Metro Atlanta housing market remains elevated, despite tighter inventory

Source: WSB-TV — 

ATLANTA — New numbers show January got an unexpected 8% increase in homes going under contract. Buyers were jumping on mortgage rates that dropped.

But, Channel 2′s Justin Farmer learned in the metro Atlanta area, home prices remain elevated principally because of one significant problem.

“We need more houses, Justin,” real estate agent Erin Yabroudy said.

Harry Norman’s Erin Yabroudy has been selling houses in Atlanta for more than twenty years. She says while some parts of the country have seen the housing sector decline, in the metro area not so much.

“[Def] intently more buyers than sellers. Our biggest challenge is inventory. When I talk to other realtors, inventory is even tighter than it was last year,” real estate agent Maja Sly said.