Miami's Cash Buyers Represent More than Double the National Average of Real Estate purchases

Miami cash transactions comprised 42.4 percent of December 2016 total closed sales. Miami cash transactions are more than double the national average of 21 percent. Miami's high percentage of cash sales reflects South Florida's ability to attract a diverse number of international home buyers, who tend to purchase properties in all cash.

Condominiums comprise a large portion of Miami's cash purchases as 57.6 percent of condo closings were made in cash in November compared to 27.1 percent of single-family home sales.

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