Sellers still have the upper hand in the metro Atlanta housing market, thanks to the mismatch between scarce supply and a surplus of wannabe buyers.
By the numbers: The median price of a home sold has edged up to $402,000 in the 28-county region that includes Atlanta, according to Re/Max. That price was a resounding 18.2% higher than in June of last year. But with mortgage rates rising, there are signs that a tentative and slow rebalancing has begun.
They said it: “Demand still far outweighs supply in metro Atlanta,” said broker Kristen Jones, owner of Re/Max Around Atlanta
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