Home | Newsletter | Advertise
loading...

One in 4 Units Nationwide: Cash Sales Are on the Rise

  • May 25th 2021

by Nena Perry-Brown

✉️ Want to forward this article? Click here.

In case you needed more evidence of how intense the current housing market is, cash sales are shooting up. 

One in four homes sold nationwide in April were all-cash transactions, per a new National Association of Realtors survey. The share was 15% in April 2020 and 20% in April 2019.

Cash sales are giving non-first time buyers a leg up against first-time buyers who may otherwise be hoping to take advantage of low interest rates. In fact, 33.5% of non-first time buyers in April 2021 purchased homes in all-cash transactions, compared to 26.3% in April 2019. In contrast, only 6% of first-time buyers made an all-cash home purchase in April.

About 15% of cash buyers in April were acquiring their primary residence, an increase from 12% in April 2018 and 2019. Meanwhile, 61% of vacation homes purchased this past April were all-cash transactions.

Similar Posts:

See other articles related to: all-cash sales, cash, home buying, nar

This article originally published at https://dc.urbanturf.com/articles/blog/one-in-4-units-nationwide-cash-sales-are-on-the-rise/18307.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse