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All-Cash Sales Reach a New High

May 7th, 2014 Written By Carol Pawley



RealtyTrac reports that 42.7 percent of all U.S. residential property sales in the first quarter were all-cash purchases. The highest level since it began tracking all-cash purchases in the first quarter of 2011.

Cash sales made up more than half of all sales in Miami, New York, Detroit, Atlanta, and Las Vegas. Among metropolitan statistical areas with a population of at least 500,000, those with the top five highest percentages of cash sales were all in Florida: Cape Coral-Fort Myers, (73.6 percent), Miami (67.1 percent), Sarasota, (65.1 percent), Palm Bay, (64.1 percent), and Lakeland, (61.8 percent).

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