April 26, 2024 5:24 am
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Housing Markets With Largest Surge in Cash Sales

Housing market

By REALTORMag

All-cash purchases rose to their highest level since the first quarter of 2015, according to a new report released by ATTOM Data Solutions, a real estate data firm. All-cash purchases comprised 34% of all single-family house and condo sales in the third quarter. In some markets, all-cash transactions represented more than half of sales.

Cash sales represented the largest share of all transactions in the third quarter in Columbus, Ga. (74.6% of all sales); Atlanta (69%); Macon, Ga. (59.3%); Youngstown, Ohio (56.6%); and Detroit (56.2%), according to ATTOM Data Solutions.

All-cash sales have risen the most in Atlanta and Detroit over the last year.

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