Sunday
August 28, 2016

Cash Sales Are Rising Here

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Cash Sales Are Rising Here

Cash sales may be far from their peak of 41.1 percent in February 2011, but the share of buyers paying with all-cash did show an uptick recently. For the third consecutive month, cash sales in real estate were on the rise, accounting for 28.9 percent of all sales during October, up from 28.4 percent the previous month but still down from 30.4 percent a year ago, according to RealtyTrac’s October 2015 U.S. Home Sales Report.

Read more: More Buyers Pay in Cash in These Cities

In RealtyTrac’s analysis of 230 metros with at least 10 or more cash sales and at least 100 sales in October, RealtyTrac found that more than half -- 128 metros – saw a monthly percent increase in cash sales.

The following metros had the highest share of cash sales in October:

  1. Homosassa Springs, Fla.: 61.4%
  2. Naples, Fla.: 60.1%
  3. Columbus, Ga.: 54.9%
  4. Miami, Fla.: 53.7%
  5. Greeneville, Tenn.: 52.8%
  6. The Villages, Fla.: 52.2%

Source:  RealtyTrac