The Real Deal Miami

South Florida boasts most all-cash deals in the nation

59.1 percent of home sales were closed with cash

cashfeechCash 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