All-cash
purchases accounted for 42 percent of all residential property sales in
November, up from 38.8 percent in October and also up from a year ago to the
highest level since RealtyTrac began tracking all-cash purchases in January 2011, the company report
States
with the highest percentage of cash sales last month included Florida (62.7
percent), Georgia (51.3 percent), Nevada (51 percent), South Carolina (50.3 percent),
and Michigan (49 percent).
According
to RealtyTrac, the national median sales price of all residential
properties—including both distressed and non-distressed sales—was $169,000 in
November, up 1 percent from October and up 7 percent from November 2012. It was
the 19th consecutive month median home prices have increased on an annualized
basis.
The
median price of a distressed residential property—in foreclosure or bank
owned—was $110,500, 39 percent below the median price of $181,500 for purely
non-distressed residential properties.
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