WRE NEWS February 19, 2025
Seller
Slightly under one-third (32.6%) of home purchases in 2024 were all-cash transactions, according to new data from Redfin (NASDAQ: RDFN). This is down from 35.1% in 2023 and the lowest share since 2021.
Prior to the pandemic, the share of all-cash sales ranged from 25% to 30%. Redfin attributed last year’s decline to a smaller quantity of investors making purchases compared to previous years.
“The rate of all-cash sales remains high because when housing is expensive – like it is now – wealthier Americans who can afford to pay cash are more likely than lower-income Americans to be buying homes,” said Redfin Senior Economist Sheharyar Bokhari. “We are unlikely to see the share of all-cash purchases fall much lower in 2025, unless mortgage rates drop enough to drive a significant increase in sales.”
Florida metros had the highest share of cash homebuyers out of the markets Redfin analyzed, most notably in West Palm Beach (49.6%) and Jacksonville (40.6%). California’s Bay Area had the lowest share of all-cash buyers with San Jose (18.1%) and Oakland (18.6%).
Stay up to date on the latest real estate trends.
Seller
July 3, 2025
The right agent doesn’t just list your house – they help you sell smarter, faster, and with fewer surprises.
Lifestyle
July 3, 2025
College-issued dorm furniture can be pretty bleak.
Buyer
July 2, 2025
California Gov. Gavin Newsom signed legislation that enacts major changes to the California Environmental Quality Act (CEQA) that are designed to increase the availabi… Read more
Buyer
July 2, 2025
When selling your home, you can't overlook the importance of a great real estate listing description.
Buyer
July 1, 2025
Multi-generational living is on the rise.
Seller
June 30, 2025
Here’s something you need to know.
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today