Economists' Outlook

Housing stats and analysis from NAR's research experts.

Cash Sales: Twenty-Nine Percent of Residential Sales

The percentage of cash sales was 29 percent in June, compared to 28 percent in May, according to the latest REALTORS® Confidence Index.  The proportion of cash sales is substantially higher than the rate prior to the downturn of the housing market in 2008. The high preponderance of all-cash sales appears to be primarily due to stricter mortgage and underwriting standards as well as purchases by investors and second home buyers, who typically pay cash, have edged out buyers needing to secure a mortgage from a lender.

Notice: The information on this page may not be current. The archive is a collection of content previously published on one or more NAR web properties. Archive pages are not updated and may no longer be accurate. Users must independently verify the accuracy and currency of the information found here. The National Association of REALTORS® disclaims all liability for any loss or injury resulting from the use of the information or data found on this page.


Comment Policy

The opinions expressed in reader comments sections on this website are those of the reader and not NAR or REALTOR® Magazine.

About Economists' Outlook

Visit this blog daily to see what NAR experts are saying about the economy, the housing market, and other factors that will impact your business.

Housing Minute

Housing Minute is a monthly video series highlighting the latest housing data from the National Association of REALTORS® in a minute or less.