Cities With the Highest Number of Cash Sales

Cities With the Highest Number of Cash Sales | Realtor Magazine

Businessman with a handful of cash

© davidf – E+/Getty Images

The share of cash sales is falling nationwide, but there are many housing markets where they still dominate. Cash transactions made up 27.8 percent of single-family home and condo sales in 2018, down from a peak of 38.4 percent in 2011, according to real estate research firm ATTOM Data Solutions. But cash sales are still higher than historical norms: They averaged only 18.7 percent of all sales in the prerecession years between 2000 and 2007. The top 20 metros (with populations greater than 200,000) for cash transactions saw double-digit year-over-year increases in 2018. Some of those areas are:

  1. Manchester-Nashua, N.H.: 89 percent
  2. Cedar Rapids, Iowa: 47 percent
  3. Duluth, Minn.-Wis.: 39 percent
  4. Lake Havasu City-Kingman, Ariz.: 36 percent
  5. Lexington-Fayette, Ky.: 35 percent
  6. Des Moines-West Des Moines, Iowa: 33 percent
  7. Claremont-Lebanon, N.H.-Vt.: 29 percent
  8. Phoenix-Mesa-Scottsdale, Ariz.: 25 percent
  9. Utica-Rome, N.Y.: 24 percent
  10. Boulder, Colo.: 18 percent
  11. Durham-Chapel Hill, N.C.: 16 percent
  12. Reno, Nev.: 16 percent
  13. Providence-Warwick, R.I.-Mass.: 16 percent
  14. Charlotte-Concord-Gastonia, N.C.-S.C.: 15 percent

Recent Stories in This Section

Source link