All-cash sales may be ‘moderating’

Of all the transactions conducted by real estate brokerage ZipRealty in 2012 and 2013, a quarter of them were all-cash deals, the brokerage announced today.

But data from ZipRealty’s analysis and the National Association of Realtors indicates the share of all-cash sales may actually be moderating, according to ZipRealty CEO Lanny Baker.

“Nationwide, the percentage of all-cash real estate transactions reached a five-year high in 2010 at 27 percent, and the percentage of all-cash property sales has slowly declined or flattened every subsequent year,” Baker said in a statement.

Source: ZipRealty

Article continues below

Comments