Cash Home Sale Transactions Decline Nationwide
Posted:
Southwest Florida still well above national numbers
According to CoreLogic cash transactions were 30.8% of all home sales nationwide which is down from 34.2% on a year-over-year basis. This represents a 0.5% reduction on a month-over-month basis. Thirty-one months in a row have showed year-over-year monthly drops.
Five states all posted cash transaction at or above 39.5% – New Jersey, West Virginia, New York, Florida, and Alabama.
Florida tops the U.S. in cash sales percentages. Of America’s 100 biggest metro areas, Florida is home to all five markets with the highest percentage of cash sales:
- West Palm Beach-Boca Raton-Delray Beach, at 53.2%
- Miami-Miami Beach-Kendall, at 52.2%
- North Port-Sarasota-Bradenton, at 50.1%
- Fort Lauderdale-Pompano Beach-Deerfield Beach, at 48.4%
Cape Coral-Fort Myers, at 47.9%More locally, cash sale percentages for:Naples – Collier County: 52%
Bonita Springs, Estero, Fort Myers – Lee County: 52%
Image courtesy of Stuart Miles at FreeDigitalPhotos.net
