Cash Sales: 32 Percent of Residential Sales

  • Approximately 32 percent of REALTORS® reporting on their last sale in April had a cash sale (30 percent in March). Investors and international buyers typically pay cash.
  • About 10 percent of REALTORS® reporting a sale to a first-time homebuyer also reported cash sales, while over 70 percent of reported last sales to investors and international buyers were for cash.

Source: REALTORS® Confidence Index Survey

Jed Smith, Managing Director, Quantitative Research

Jed Smith is Managing Director, Quantitative Research with the National Association of Realtors®. He has worked on real estate issues for the past 20 years, providing input on a variety of housing, commercial real estate, tax, and planning issues. Recently he has been involved in several international studies.

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