Cash sales nearing pre-recession numbers, CoreLogic says

Major metros across the country seeing steady drops in cash sales
  • Cash sales accounted for 31.6 percent of national home sales.
  • The Miami metro's cash sales dropped to 49.6 percent, almost an 8 percent drop from the year before.
  • Cash sales in the New York City area remained relatively unchanged from the year before.

During the month of April, about one of three home purchases was paid for in cash, according to CoreLogic. Although that seems like a steep percentage, it’s actually lower than the year before.