Miami-Dade County Market Report Miami-Dade County Market Report | Page 3

Cash Sales
Pct . of Closed Sales Paid in Cash
Monthly Market Detail - April 2024 Single-Family Homes 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
947
11.9 %
April 2024
275
21.1 %
March 2024
252
-3.1%
February 2024
222
17.5 %
January 2024
198
16.5 %
December 2023
206
8.4 %
November 2023
201
12.9 %
October 2023
256
18.5 %
September 2023
245
16.1 %
August 2023
265
-11.4%
July 2023
240
-13.4%
June 2023
267
-22.4%
May 2023
253
-30.3%
April 2023
227
-36.1%
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

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
26.9 %
8.5 %
April 2024
25.8 %
13.7 %
March 2024
24.2 %
1.7 %
February 2024
29.1 %
11.9 %
January 2024
30.7 %
7.0 %
December 2023
27.3 %
7.1 %
November 2023
28.4 %
14.5 %
October 2023
29.4 %
20.5 %
September 2023
27.4 %
12.8 %
August 2023
28.0 %
-3.4%
July 2023
26.4 %
-4.7%
June 2023
26.6 %
-11.9%
May 2023
24.3 %
-20.1%
April 2023
22.7 %
-20.4%
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
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 Wednesday , May 22 , 2024 . Next data release is Friday , June 21 , 2024 .