Broward County Market Report Broward County Market Report | Page 3

Cash Sales
Pct . of Closed Sales Paid in Cash
Monthly Market Detail - May 2024 Single-Family Homes Broward County

Cash Sales

The number of Closed Sales during the month in which buyers exclusively paid in cash
Economists ' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market . Why ? Investors are far more likely to have the funds to purchase a home available up front , whereas the typical homebuyer requires a mortgage or some other form of financing . There are , of course , many possible exceptions , so this statistic should be interpreted with care .
Month
Cash Sales
Percent Change
Year-over-Year
Year-to-Date
1,323
5.7 %
May 2024
304
4.5 %
April 2024
282
10.6 %
March 2024
307
5.9 %
February 2024
235
-0.8%
January 2024
195
8.9 %
December 2023
201
-6.9%
November 2023
230
-4.6%
October 2023
240
6.7 %
September 2023
286
10.4 %
August 2023
298
2.1 %
July 2023
269
-17.7%
June 2023
328
-18.8%
May 2023
291
-29.0%
500
2020 2021 2022 2023
400 300 200 100
0
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M

Cash Sales as a Percentage of Closed Sales

The percentage of Closed Sales during the month which were Cash Sales
Economists ' note : This statistic is simply another way of viewing Cash Sales . The remaining percentages of Closed Sales ( i . e . those not paid fully in cash ) each month involved some sort of financing , such as mortgages , owner / seller financing , assumed loans , etc .
Month
Percent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
Year-to-Date
26.1 %
6.5 %
May 2024
24.3 %
4.7 %
April 2024
23.6 %
0.0 %
March 2024
28.3 %
24.1 %
February 2024
28.3 %
-0.7%
January 2024
27.6 %
4.5 %
December 2023
22.9 %
-7.3%
November 2023
28.0 %
1.1 %
October 2023
24.4 %
9.4 %
September 2023
27.1 %
8.0 %
August 2023
25.3 %
4.1 %
July 2023
25.6 %
-5.2%
June 2023
26.1 %
-7.1%
May 2023
23.2 %
-19.2%
35 % 30 % 25 % 20 % 15 % 10 % 5 % 0 %
2020 2021 2022 2023
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Produced by Florida Realtors ® with data provided by Florida ' s multiple listing services . Statistics for each month compiled from MLS feeds on the 15th day of the following month . Data released on Friday , June 21 , 2024 . Next data release is Tuesday , July 23 , 2024 .