The peak year of all-cash deals in real estate buys was 2011. Some 38.4% of all deals were cash. 2012 was a close second.
In 2018, 27.8% of single-family home and condominium buys nationwide were all cash, nothing to write home about in comparison to 2011 and 2012 but well above pre-recession all-cash averages of 18.7%.
The top 20 metros with populations greater than 200,000 and seeing more than 100 all-cash sales in 2018 are listed below. All of these metros saw annual double digit increases of all-cash sales.
Remember that all-cash offers are important in bidding war environments when competition for homes is fast and furious.
All data for this post was sourced from ATTOM Data Solutions Year-End 2018 Home Sales Report.
Annual Percent Change in Percentage of Cash Sales – 2018
Manchester-Nashua NH +89%***
Cedar Rapids IA +47%
Duluth MN/W +39%
Lake Havasu City–Kingman AZ +36%
Lexington-Fayette KY +35%
Des Moines-West Des Moines IA +33%
Claremont-Lebanon NH/VT +29%
Phoenix-Scottsdale-Mesa AZ +25%
Utica-Rome NY +24%
Boulder CO +18%
Durham-Chapel Hill NC +16%
Reno NV +16%
Providence-Warwick RI/MA +16%
Charlotte-Concord-Gastonia NC/SC +15%
Barnstable Town MA +14%
Denver-Aurora-Lakewood CO +13%
Johnson City TN +12%
Asheville NC +12%
Los Angeles-Long Beach-Anaheim CA +11%
San Diego-Carlsbad CA +10%