Florida Has 3 Of Top 5 Real Estate Markets For All-Cash Purchases

Sold Home For Sale Real Estate Sign and House

Photo: Getty Images

Florida has three of the top five areas in the country with the highest share of all-cash home purchases.

They include West Palm Beach, which comes in second at 56.4 percent of all homes sold in July being bought without a mortgage. Jacksonville was third with 45.5 percent and Fort Lauderdale is fifth with 43 .3 percent.

Add in Orlando's 42.5 percent at sixth place and Florida has four of the Top 10 areas with the highest share of all-cash purchases.

The report from real estate firm Redfin found that Long Island, New York leads the nation with cash sales at 66.5 percent.

According to the report, Florida has so many high-ranked communities partly because the state is home to a lot of affluent buyers.

Sponsored Content

Sponsored Content