A new report from CoreLogic shows that all cash sales in Miami-Dade County totaled 53.5 percent, a decrease of 5.4 percent year over year. Most of those cash deals are accounted for by re-sales, which made up roughly 83 percent of all home transactions in Miami-Dade during June. Lender-owned properties reported the highest share of cash deals during June, standing at roughly 57 percent with new construction coming in with 15.6 percent.
Nationally, cash deals fell from 33.9 percent in June 2014 to 31.3 percent this June with West Palm Beach reporting the highest share of cash deals at 55.5 percent. Rounding out the country’s top 5 are Philadelphia with 55.1 percent, Sarasota with 54.5 percent, Miami with 53.5 percent and Detroit with 52.9 percent. The U.S. peaked in January 2011 when 46.5 percent of all home transactions were completed with all-cash offerings.
