DC may be home to some of the nation’s priciest real estate, but some neighborhoods continue to attract buyers primarily interested in an all-cash sale. While the percentage of all-cash sales is down slightly overall compared to previous years, it’s still an attractive option for a large number of DC area buyers.
Looking at the first eleven months of 2019 alone, cash buyers made up about 17-percent of all homes purchased in the District. Previously all-cash transactions had been holding around 20-percent or even higher.
In other words, about one in every five homes or even nearly one in every four homes in recent years has sold for cash. Surprisingly, the majority of DC neighborhoods attracting all-cash buyers are some of the priciest.