South Florida is #2 in nation for all-cash transactions

Posted on Thursday, May 8th, 2014 at 3:51pm.

According to new information released by RealtyTrac, all-cash deals are becoming more and more commonplace in South Florida.

In the first quarter of the year, all cash sales represented 67 percent of new and existing home purchases in South Florida.

Shockingly, South Florida didn't take the top spot. Cape Coral-Fort Myers metropolitan area had a higher percentage of all purchases being made with cash at 74 percent.

Florida metro areas took the top spot seven spots nationally for the highest percentage of all cash home sales.

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