Cash Sales in Naples Dominates the Market

December 10, 2015 Posted by Matt

RealtyTrac’s October 2015 Home Sales Report, shows cash sales in Naples dominated the local real estate market. Naples was one of the 230 metro areas analyzed by RealtyTrac with the highest share of cash sales with 60.1 percent of all real estate transactions being paid for in 100 percent cash.

Nationwide, all-cash sales accounted for 28.9 percent of all sales during the month of October which was a slight increase from the previous month when it was 28.4 percent.

So how did we stack up against the rest of the country? Only Homosassa Springs, Florida had a higher percentage of cash sales at 61.4 percent. Other Florida cities in the top 10 were Miami, Florida (53.7 percent) and The Villages, Florida (52.2 percent).