August 2020 – Charlotte Rental Market Analysis

The Charlotte rental market continues to show signs of stability. The month of August closed out with an average monthly rental price of $1644 per month, a slight increase from one year ago of $1625. While the number of leased units has increased year to date by over 15% the number of leased properties in August saw a decrease from August 2019 dropping from 935 to 843. This decrease in number of leased units is due to limited inventory, low inventory increases prices due to supply and demand. Now is a great time to contact us and discuss our property management services and how we can help you with your investment properties.