Did you know that this many homebuyers were paying in cash?
We’re seeing a pretty unusual trend in the market when it comes to cash buyers. The percentage of cash buyers in the market has risen from about 20% last year to nearly a third (33%) of all buyers nationwide.
A lot of this has to do with the recent home appreciation we’ve seen. In some areas, we see a majority of the buyers paying in cash. In the L.A. market, approximately 40% of all buyers are cash buyers.
Be prepared if you’re purchasing in this market because you may be competing with a lot of really strong buyers. If you have any questions, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.