The real estate market in Atlanta is hot, hot, hot–so much so that the amount of available inventory for interested buyers is coming to a screeching halt. The increase in sales without increases in new construction has left the Atlanta real estate market at a very tight spot with sellers having the upper hand over buyers.

According to Metrostudy, the Atlanta area has a four-month supply of homes on the market, compared with the six- to seven-month supply that is considered normal. The average 30-year fixed-rate mortgage in metro Atlanta rose this week to 4.63 percent from 4.54 percent the previous week, according to weekly data from Bankrate. Local rates were slowly catching up with the national average, which was 4.69 percent. The average 30-year rate was around 3.76 percent this time last year.