Home | Newsletter | Advertise
loading...

1 in 4 DC Home Sales in 2021 Was All Cash, Per New Report

  • July 16th 2021

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Cash sales in the U.S. over the years.

Cash is still king in the housing market. 

A new report out from real estate brokerage Redfin finds that close to a third of homes sold in the U.S. in 2021 were purchased with cash. 

"[Thirty percent] of U.S. home purchases this year were paid for with all cash," the report said. "That’s up from 25.3% during all of 2020 and represents the largest share since 2014, when 30.6% of homes were purchased with all cash."

The report attributes buyers reaping profits from the stock market as the main driver for the increase in cash purchases. 

In DC, approximately 25% of homes sold this year were all-cash deals, but UrbanTurf found that in some neighborhoods, that percentage is higher. In Georgetown, about 1 in 3 homes sold in a cash transaction in 2021 and in Spring Valley, 40% of sales were all-cash. 

Chart courtesy of Redfin. 

See other articles related to: all-cash sales, cash sales in dc, dc housing market

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/1-in-4-dc-home-sales-in-2021-was-all-cash-per-new-report/18502.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse