Charlotte NC Uptown Condo Supply is Dropping By the Day!

As most Uptown residents and agents serving the area may remember, Uptown was one of the first hit markets in our region when the real estate market began to suffer in 2008. Many condo owners in the Uptown Charlotte area opted to hold onto their property for a few more years until we saw significant improvement in the real estate industry.

Fast forward to 2012 as we’ve seen 7 straight months of inventory reduction, currently including the Charlotte Uptown area. From an 8.2 month supply in 2011 (and even higher prior to last year), to a now, 5.4 month supply, Charlotte Uptown condo owners are finally able to list and SELL their homes!

We recently listed and sold a fabulous Uptown home quickly in a multiple Offer situation–a rare occurrence in as little as one year ago! If you’re thinking of selling your condo in Uptown Charlotte NC, give us a call; we’d love to help you get the job DONE!

If you’re thinking of renting an Uptown condo or townhome, chances are you’re not going to find that perfect condo–our rental market has an incredibly short supply. With interest rates so unusually low, mortgage payments are now less than rental rates in the Uptown area!

And, if you’re a buyer, looking in the Uptown Charlotte area for a great deal on a condo, now is the time to act–and act quickly to avoid multiple Offer situations!

Search all Uptown Charlotte condos for sale

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