Less Than One-Third of U.S. Home Purchases Were Made With Cash in 2024, a 3-Year Low
Redfin (NASDAQ: RDFN) reports that all-cash home purchases in the U.S. declined to 32.6% in 2024, down from 35.1% in 2023, marking a three-year low. Despite the decrease, the share remains higher than pre-pandemic levels of 25-30%.
Florida metros dominated cash purchases, with West Palm Beach leading at 49.6%, followed by Jacksonville (40.6%), Cleveland (40%), Fort Lauderdale (38.9%), and Miami (38.1%). Conversely, expensive coastal metros showed the lowest cash-buyer shares, with San Jose at 18.1%.
The decline is partly attributed to reduced investor activity. According to Redfin Senior Economist Sheharyar Bokhari, cash purchases remain elevated due to wealthy Americans' continued participation in the expensive housing market. The total number of all-cash home sales reached its lowest level in at least a decade as overall home sales hit historic lows.
Redfin (NASDAQ: RDFN) riporta che le acquisti di case in contante negli Stati Uniti sono scesi al 32,6% nel 2024, in calo rispetto al 35,1% nel 2023, segnando il minimo da tre anni. Nonostante la diminuzione, la quota rimane superiore ai livelli pre-pandemia del 25-30%.
Le aree metropolitane della Florida hanno dominato gli acquisti in contante, con West Palm Beach in testa al 49,6%, seguita da Jacksonville (40,6%), Cleveland (40%), Fort Lauderdale (38,9%) e Miami (38,1%). Al contrario, le metropoli costose hanno mostrato le quote più basse di acquirenti in contante, con San Jose al 18,1%.
Il calo è in parte attribuito alla riduzione dell'attività degli investitori. Secondo il senior economist di Redfin, Sheharyar Bokhari, gli acquisti in contante rimangono elevati grazie alla continua partecipazione degli americani benestanti nel mercato immobiliare costoso. Il numero totale di vendite di case in contante ha raggiunto il suo livello più basso in almeno un decennio, mentre le vendite complessive di case hanno toccato minimi storici.
Redfin (NASDAQ: RDFN) informa que las compras de casas al contado en EE. UU. cayeron al 32.6% en 2024, bajando del 35.1% en 2023, marcando un mínimo de tres años. A pesar de la disminución, la proporción sigue siendo superior a los niveles prepandémicos del 25-30%.
Las áreas metropolitanas de Florida dominaron las compras al contado, con West Palm Beach liderando con un 49.6%, seguida de Jacksonville (40.6%), Cleveland (40%), Fort Lauderdale (38.9%) y Miami (38.1%). Por el contrario, las costosas áreas metropolitanas mostraron las menores proporciones de compradores al contado, siendo San José la más baja con un 18.1%.
La disminución se atribuye en parte a la reducción de la actividad de los inversores. Según el economista senior de Redfin, Sheharyar Bokhari, las compras al contado siguen siendo elevadas debido a la continua participación de los estadounidenses adinerados en el caro mercado inmobiliario. El número total de ventas de casas al contado alcanzó su nivel más bajo en al menos una década, mientras que las ventas generales de casas alcanzaron mínimos históricos.
레드핀 (NASDAQ: RDFN)은 미국의 현금 주택 구매가 2024년에 32.6%로 감소했으며, 이는 2023년의 35.1%에서 낮아진 수치로, 3년 만에 최저치를 기록했다고 보고했습니다. 감소에도 불구하고, 비율은 팬데믹 이전 수준인 25-30%보다 여전히 높습니다.
플로리다 메트로 지역은 현금 구매를 지배했으며, 웨스트 팜 비치가 49.6%로 선두를 차지했습니다, 그 뒤를 잇는 곳은 잭슨빌 (40.6%), 클리블랜드 (40%), 포트 로더데일 (38.9%), 마이애미 (38.1%)입니다. 반대로, 비싼 해안 메트로 지역은 가장 낮은 현금 구매 비율을 보였으며, 샌호세의 경우 18.1%입니다.
감소는 부분적으로 투자자의 활동 감소에 기인합니다. 레드핀의 수석 경제학자 셰하리야르 보카리(Sheharyar Bokhari)에 따르면, 현금 구매는 부유한 미국인들이 비싼 주택 시장에 계속 참여하기 때문에 여전히 높은 수준을 유지하고 있습니다. 전체 현금 주택 판매의 총 수는 적어도 10년 만에 최저 수준에 도달했으며, 전체 주택 판매는 역사적인 최저치를 기록했습니다.
Redfin (NASDAQ: RDFN) rapporte que les achats de maisons en espèces aux États-Unis ont diminué à 32,6% en 2024, contre 35,1% en 2023, marquant un plus bas sur trois ans. Malgré cette baisse, la part reste supérieure aux niveaux d'avant la pandémie, qui étaient de 25 à 30%.
Les métropoles de Floride ont dominé les achats en espèces, avec West Palm Beach en tête à 49,6%, suivie de Jacksonville (40,6%), Cleveland (40%), Fort Lauderdale (38,9%) et Miami (38,1%). En revanche, les métropoles côtières chères ont montré les parts les plus faibles d'acheteurs en espèces, San José étant à 18,1%.
Le déclin est en partie attribué à une réduction de l'activité des investisseurs. Selon l'économiste senior de Redfin, Sheharyar Bokhari, les achats en espèces restent élevés en raison de la participation continue des Américains riches sur le marché immobilier coûteux. Le nombre total de ventes de maisons en espèces a atteint son plus bas niveau depuis au moins une décennie, alors que les ventes globales de maisons ont atteint des niveaux historiquement bas.
Redfin (NASDAQ: RDFN) berichtet, dass die Bargeldkäufe von Häusern in den USA im Jahr 2024 auf 32,6% gesunken sind, nachdem sie 2023 bei 35,1% lagen, was den niedrigsten Stand seit drei Jahren markiert. Trotz des Rückgangs bleibt der Anteil höher als die Werte vor der Pandemie von 25-30%.
Die Metropolen in Florida dominierten die Bargeldkäufe, wobei West Palm Beach mit 49,6% an der Spitze liegt, gefolgt von Jacksonville (40,6%), Cleveland (40%), Fort Lauderdale (38,9%) und Miami (38,1%). Im Gegensatz dazu wiesen teure Küstenmetropolen die niedrigsten Anteile an Bargeldkäufern auf, wobei San Jose bei 18,1% lag.
Der Rückgang wird teilweise auf die verringerte Aktivität von Investoren zurückgeführt. Laut dem leitenden Ökonomen von Redfin, Sheharyar Bokhari, bleiben die Bargeldkäufe hoch, da wohlhabende Amerikaner weiterhin am teuren Immobilienmarkt teilnehmen. Die Gesamtzahl der Bargeldhausverkäufe erreichte den niedrigsten Stand seit mindestens einem Jahrzehnt, während die gesamten Hausverkäufe historische Tiefststände erreichten.
- Cash purchases remain higher than pre-pandemic levels (32.6% vs 25-30%)
- Strong cash-buyer presence in Florida markets, with West Palm Beach leading at 49.6%
- All-cash purchases declined to 32.6% in 2024 from 35.1% in 2023
- Total number of all-cash home sales hit lowest level in a decade
- Overall home sales reached historic lows
Insights
The drop in cash purchases to 32.6% in 2024 reveals a complex transformation in the housing market landscape. While this represents a three-year low, it's important to understand that this level remains notably higher than the pre-pandemic norm of 25-30%, indicating a structural shift in market dynamics.
The regional disparity is particularly telling, with Florida markets dominating cash purchases (49.6% in West Palm Beach) while tech-centric coastal markets show significantly lower rates (18.1% in San Jose). This pattern reflects not just wealth distribution but also different market fundamentals and buyer profiles across regions.
The decline in investor activity, a key driver of cash purchases, suggests a strategic repositioning in response to market conditions. This shift has important implications for market liquidity and competition. With fewer cash buyers, traditional mortgage-dependent purchasers might face less competition, though this effect is somewhat offset by high mortgage rates keeping overall demand suppressed.
The decade-low volume of cash purchases, coinciding with historically low total sales, points to a market facing multiple constraints. This situation creates a self-reinforcing cycle: reduced transaction volume leads to inventory, which in turn keeps prices elevated and further constrains market activity.
Looking ahead, the market appears to be in a transitional phase. While wealth inequality continues to support a higher-than-historical norm for cash purchases, the declining trend suggests a gradual market rebalancing. However, any significant shift in this pattern would likely require a substantial decrease in mortgage rates to stimulate broader market participation.
Redfin reports the share of home purchases made in cash fell to a three-year low as the total number of all-cash purchases dropped to its lowest level in a decade
Redfin’s report is based on its analysis of county-level home purchase records across 40 of the most populous
One reason the share of cash purchases fell was because investors—who make up a significant proportion of all-cash buyers—bought fewer homes than they did during the past few years.
“The rate of all-cash sales remains high because when housing is expensive—like it is now—wealthier Americans who can afford to pay cash are more likely than lower-income Americans to be buying homes,” said Redfin Senior Economist Sheharyar Bokhari. “We are unlikely to see the share of all-cash purchases fall much lower in 2025, unless mortgage rates drop enough to drive a significant increase in sales.”
The number of all-cash home sales dropped to its lowest level in at least a decade in 2024 as total home sales fell to historic lows.
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Metro |
Share of All-Cash Purchases (2024) |
2023→2024 YoY Change (percentage points) |
|
|
-1.2 ppts |
|
|
-6.4 ppts |
|
|
-8.3 ppts |
|
|
-2.5 ppts |
|
|
-3.8 ppts |
Next came
Expensive coastal metros had the lowest share of all-cash buyers, led by
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||
Metro |
Share of All-Cash Purchases (2024) |
2023→2024 YoY Change (percentage points) |
|
|
-0.8 ppts |
|
|
1 ppt |
|
|
0.1 ppts |
|
|
-0.7 ppts |
|
|
0.2 ppts |
The share of all-cash purchases increased most from a year earlier in
To view the full report, including charts, additional metro-level data and full methodology, please visit: https://www.redfin.com/news/all-cash-sales-annual-2024
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250218326934/en/
Redfin Journalist Services:
Angela Cherry
press@redfin.com
Source: Redfin
FAQ
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