Corelogic released it Cash and Distressed Sales Update for the month of August 2016, which showed that 31% of all real estate buys were paid for in cash. This figure was 1.5% lower than August 2015 and significantly down from the all-cash peak of 46.6% recorded in January 2011.
REO sales had the largest cash sales share in August 2016 at 58.6%. Resales had the next highest cash sales share at 31%, followed by short sales at 29.1% and newly constructed homes at 15.6%.
Alabama had the largest cash sales share of any state at 44.9%, followed by New York at 42%, Florida 40.9%, Indiana 38.6% and Kansas 38%.