Cash still reigns in South Florida. Roughly six out of 10 Palm Beach County buyers did not need financing during the third quarter.
That is down slightly from a year ago, but still well above the national average of 33.9 percent, according to RealtyTrac data cited by the Sun-Sentinel.
In Broward County, cash accounted for 57.3 percent of all sales from July through September, compared with 60.8 percent a year earlier. And in the South Florida metro area, which also includes Miami-Dade County, 59.1 percent of home sales were closed with cash, the highest percentage in the nation.
Over the past 14 years, the tri-county region’s average for cash sales is 47 percent. [Sun-Sentinel] – Christopher Cameron