All-cash sales may be ‘moderating’

Published on Mar 26, 2014

Watch Connect NYC 2017 Live
Tune in live as the best and brightest explain how to execute and grow your business from the main stage of Connect.

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

Comments