29.7 Percent of All Real Estate Sales in July were “All-Cash”

CoreLogic released a report showing that 29.7% of all real estate sales in July were paid for in cash, down 1.9% from July 2015. The majority of all-cash sales, 57.6%, involved REO’s.

The peak of all-cash sales was back in January 2011, when they accounted for 46.6% of all sales transactions.

The top 5 states for all cash deals in July were:

1. New York:  44.6%
2. Alabama:  43.6%
3. Florida:  39.6%
4. New Jersey:  37.3%
5. Indiana:  37%