Despite the housing market in the United States slowing in 2022, the number of cash transactions increased. One of the main reasons for this was the substantial increase in mortgage rates, making a cash purchase the better option for the home buyers who could afford it. About 56,000 cash home sales took place in 2023, which was one in ten housing transactions. It was also one of the highest figures recorded since 1989.
Number of houses sold for cash in the United States from 1988 to 2023
(in thousands)
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US Census Bureau. (March 15, 2024). Number of houses sold for cash in the United States from 1988 to 2023 (in thousands) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/185213/us-house-sales-for-cash-since-2000/
US Census Bureau. "Number of houses sold for cash in the United States from 1988 to 2023 (in thousands)." Chart. March 15, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/185213/us-house-sales-for-cash-since-2000/
US Census Bureau. (2024). Number of houses sold for cash in the United States from 1988 to 2023 (in thousands). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/185213/us-house-sales-for-cash-since-2000/
US Census Bureau. "Number of Houses Sold for Cash in The United States from 1988 to 2023 (in Thousands)." Statista, Statista Inc., 15 Mar 2024, https://www.statista.com/statistics/185213/us-house-sales-for-cash-since-2000/
US Census Bureau, Number of houses sold for cash in the United States from 1988 to 2023 (in thousands) Statista, https://www.statista.com/statistics/185213/us-house-sales-for-cash-since-2000/ (last visited November 21, 2024)
Number of houses sold for cash in the United States from 1988 to 2023 (in thousands) [Graph], US Census Bureau, March 15, 2024. [Online]. Available: https://www.statista.com/statistics/185213/us-house-sales-for-cash-since-2000/
