Cash Sales
Pct . of Closed Sales Paid in Cash
Monthly Market Detail - August 2024 Townhouses and Condos Miami-Dade 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 |
4,283 |
-14.9% |
August 2024 |
450 |
-26.5% |
July 2024 |
524 |
-8.6% |
June 2024 |
541 |
-28.9% |
May 2024 |
634 |
-13.5% |
April 2024 |
669 |
8.4 % |
March 2024 |
544 |
-28.7% |
February 2024 |
517 |
-4.1% |
January 2024 |
404 |
-7.1% |
December 2023 |
475 |
-15.9% |
November 2023 |
474 |
-18.1% |
October 2023 |
569 |
-0.5% |
September 2023 |
572 |
-11.9% |
August 2023 |
612 |
-12.1% |
1,400 1,200 1,000 800 600 400 200
0
2020 2021 2022 2023 2024
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 J J A
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 |
49.7 % |
-6.0% |
August 2024 |
43.4 % |
-12.9% |
July 2024 |
47.0 % |
-6.4% |
June 2024 |
49.9 % |
-10.9% |
May 2024 |
49.0 % |
-8.2% |
April 2024 |
52.4 % |
3.8 % |
March 2024 |
49.5 % |
-7.8% |
February 2024 |
54.9 % |
-1.8% |
January 2024 |
52.5 % |
-2.4% |
December 2023 |
49.5 % |
-9.3% |
November 2023 |
50.2 % |
-7.0% |
October 2023 |
51.7 % |
6.8 % |
September 2023 |
52.5 % |
5.8 % |
August 2023 |
49.8 % |
5.3 % |
60 % 50 % 40 % 30 % 20 % 10 % 0 %
2020 2021 2022 2023 2024
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 J J A
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 Thursday , September 19 , 2024 . Next data release is Wednesday , October 23 , 2024 .