
Charlotte’s Apartment Market: Struggles with Supply and Rent
News Summary Charlotte’s apartment market faces challenges despite an influx of new units. With over 17,000 new apartments in 2024, rental prices remain high, averaging $1,644. The demand persists as potential buyers are drawn to rentals due to a lack of homes for sale. Vacancy rates are rising, indicating increased availability, yet competition remains fierce. Analysts predict that the current market fluctuation may stabilize as construction slows down and demand