Cash sales constitute third of total home sales in March

  • The national cash sales average before the housing crisis was 25 percent.
  • Half of all residential home sales in Miami were cash sales.
  • The New York City area saw 46.2 percent cash sales.
  • Washington D.C. had the lowest amount of cash sales in March, at only 16 percent.

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Out of the all the homes sold in the United States in March of this year, one out of every three was a documented cash sale. And although this number represents a healthy decline to pre-bubble percentage points, it’s still a higher than normal.