All-cash purchases represented 45 percent of all residential sales in August

All-cash purchases represented 45 percent of all residential sales in August, up from 39 percent in July and 30 percent in August 2012. Among metro areas with a population of 1 million or more, those with the highest percentage of all-cash sales were Miami (69 percent), Detroit (68 percent), Las Vegas (66 percent), Jacksonville, Fla. (65 percent), and Tampa, Fla. (64 percent).

Miami Condo and Real Estate Blog