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Business

Looks like the shortage in metro Atlanta homes for sale is getting worse

A senior vice-president at Re/Max of Georgia says some communities on the south side continue to struggle.  A lag in inventory persists, creating a seller's market in hot zips.

Credit: Palm Beach Post

Credit: Palm Beach Post

A senior vice-president at Re/Max of Georgia says some communities on the south side continue to struggle.  A lag in inventory persists, creating a seller's market in hot zips.
By Michael E. Kanell
May 19, 2017

Experts have been complaining for several years that Atlanta’s housing market was suffering a drought – not enough homes for sale to meet the demand of wannabe buyers.

Follow a young Atlanta couple on their in-town house hunt. (Erica A. Hernandez/AJC)

The result was an apparently strengthening market as the prices rose around the region. But beneath those ever-higher tabs was a badly unbalanced playing field that was – at least in desirable areas – tilting to the advantage of sellers and threatening to toss younger, or less affluent buyers out of the game completely.

And it is apparently getting worse.

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About the Author

Michael E. Kanell, the AJC's economics writer, has been reporting on jobs, housing and the economy at the AJC for nearly two decades. He has appeared on television and radio to analyze and report on business and economic developments.

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