All-Cash Home Sales on the Rise

With low inventory and high demand creating fierce competition in markets across the country, in order to successfully purchase a home, buyers are doing everything they can to make their offer more attractive to sellers—including making all-cash offers.

According to the latest REALTORS® Confidence Index Survey from the National Association of REALTORS®, a full 25 percent of offers accepted in April 2021 were all-cash offers—up from just 15 percent in April 2020. And while some of those all-cash offers are investors, many represent buyers purchasing their primary residences. In April, 15 percent of primary residence buyers made an all-cash purchase.

The Takeaway:

So, what does that mean for you? Such a high percentage of all-cash offers is just another indicator of what buyers are willing to do to land their dream home—so if you’ve been thinking about selling, now is a great time to make a move.

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