• 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.

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.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top