Cash Sales
Pct . of Closed Sales Paid in Cash
Monthly Market Detail - June 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 |
1,474 |
7.9 % |
June 2024 |
238 |
-10.9% |
May 2024 |
289 |
14.2 % |
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% |
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 J
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 |
26.4 % |
5.6 % |
June 2024 |
24.6 % |
-7.5% |
May 2024 |
26.2 % |
7.8 % |
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% |
35 % 30 % 25 % 20 % 15 % 10 % 5 % 0 %
2020 2021 2022 2023
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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 Tuesday , July 23 , 2024 . Next data release is Thursday , August 22 , 2024 .