According to a new CoreLogic report, cash sales across the country decreased 2.5 percent annually in June. At this rate, CoreLogic analysts predict the cash sales percentage market share will be back to 25 percent by mid-2018, or roughly what it was pre-housing bust.

  • Cash sales accounted for 29.3 percent for home sales in June 2016, according to CoreLogic data.
  • This is the first month since 2007 that the cash sales share has dipped below 30 percent.
  • New York State had the highest share of cash sales of any state in June, at 44.8 percent. Alabama was a close no. 2, with 44.6 percent.

According to a new CoreLogic report, cash sales across the country decreased 2.5 percent annually in June. At this rate, CoreLogic analysts predict the cash sales percentage market share will be back to 25 percent by mid-2018, or roughly what it was pre-housing bust.

Cash sales accounted for 29.3 percent of national sales in the month of June. This is the first month since 2007 that the cash sales share has dipped below 30 percent, according to CoreLogic.

cash sales june

Cash sales percentages by state, courtesy CoreLogic

Local markets and states

New York State had the highest share of cash sales of any state in June, at 44.8 percent. Alabama was a close no. 2, with 44.6 percent. New York City seems right on par with the state. Cash sales in the metro area, which includes Jersey City and White Plains, reached 45.6 percent in June, a 2.03 percentage point increase since 2015.

Baltimore cash sales just slightly exceeded the state of Maryland in June. Cash sales in Baltimore dropped 1.81 percentage points year-over-year, to 22.8 percent — just 2.1 percentage points higher than the state. Maryland’s cash sales decreased 1.4 percentage points from June 2015.

Cash sales in Washington D.C. dropped to 15.7 percent. This is a 1.3 percentage point decrease from the same time last year. CoreLogic also recently reported that the District of Columbia was no. 4 in the metro areas with the highest negative home equity.

Cash sales in Miami experienced a 6.05 percentage point fall in June from the previous year, to 47.9 percent. To put that in context, national cash sales peaked in 2011, at 46.6 percent, the report says. Overall cash sales in Florida decreased 5.7 percentage points annually, to a 40.6 percent market share in June.

Houston’s cash sales dropped 3.18 percentage points over the year in June, to 27.6 percent. Cash sales across the state of Texas accounted for 27.7 percent in June, a 1.9 percentage point decrease from June 2015.

Although slight, cash sales in San Francisco did tick down 0.86 percentage points annually, to 23.4 percent in June — still below a previously healthy national average, CoreLogic says.

Los Angeles’ cash sales dropped to 21.3 percent from June 2015’s 22.9 percent. Overall cash sales in California dropped an even 2 percentage points, to 21.3 percent in June.

Chicago’s cash sales have slowly fallen over the past year, the report shows. Earlier in April, cash sales accounted for 29.7 percent, and even that was a 4.6 percentage point drop over the year. This June, however, cash sales reached 24.8 percent, which is a 4.39 percentage point drop since June 2015.

Email Britt Chester

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×