A new report from CoreLogic claims that cash sales for homes in the Orlando-Kissimmee-Sanford metropolitan area fell to 39.1 percent in July, a 5.5 percent drop from the same time period last year. This number is almost 9 percent higher than the national average of 30.8 percent. The five states with the most cash sales were Alabama (47.4 percent), Florida (44.7 percent), New York (42.8 percent), West Virginia (41.1 percent) and New Jersey (39.5 percent).
Out of the top 100 cities tracked by CoreLogics’s report, give cities in Florida led the way. West Palm Beach-Boca Raton-Delray Beach had the highest share of cash sales (53.2 percent), followed by Miami-Miami Beach-Kendall (52.2 percent), North Port-Sarasota-Bradenton (50.1 percent), Fort Lauderdale-Pompano Beach-Deerfield Beach (48.4 percent) and Cape Coral-Fort Myers (47.9 percent) areas.
Nationally, cash sales fell 3.4 percent in July from a year ago, continuing a string of consecutive monthly declines that began in January 2013. Washington-Arlington-Alexandria, D.C.-Va.-Md. had the lowest cash sales share at 13.6 percent for the country.
