Nearly one in three homes sold during the first half of 2025 were all-cash purchases, representing 32.8% of transactions. While this percentage shows a slight decline from last year, it remains significantly higher than pre-pandemic levels when cash sales averaged just 28.6%.
The surge in cash buying began during the pandemic as investors competed for limited inventory. High mortgage rates continue to keep all-cash transactions elevated, with equity-rich households, investors, and second-home purchasers driving this trend.
In Ohio, 29.6% of home sales were all-cash transactions, down 1.0% year-over-year. The Cleveland metro area saw higher cash activity at 33.2%, while Columbus remained lower at 25.1%. This persistent cash dominance continues to shape today’s competitive housing landscape.
View the full article from realtor.com here.
