A new report from CoreLogic states that cash homes sales in the greater metro Orlando-Kissimmee-Sanford statistical area were down for the month of May compared to the same period a year ago. At 41.7 percent, the figure is still higher than the national rate of 31.9 percent, but the finding matched a nationwide trend in which cash sales share fell by 1.7 percent overall in May 2015 compared with April 2015. Florida had the largest cash sale share of any state at 47.8 percent, followed by New York (45.8 percent), New Jersey (45.8 percent), Alabama (44.2 percent) and Michigan (38.4 percent).
Of the nation’s largest 100 areas measured by population, West Palm Beach-Boca Raton-Delray Beach, Fla., had the highest cash sales share at 58.1 percent, followed by North Port-Sarasota-Bradenton, Fla. (55.9 percent); Cape Coral-Fort Myers, Fla. (55 percent); Detroit-Dearborn-Livonia, Mich. (54.6 percent); and Miami-Miami Beach-Kendall, Fla. (54.6 percent). Syracuse, N.Y., had the lowest cash sales share at 11.6 percent.
