Cash sales are falling nationwide, but rising in Florida, up to 47.8% of all real estate transactions. FL, NY, NJ, AL & MI are the top states for cash sales. South Palm Beach County cash sales are 58.1%, top market in the U.S. This trend is driven by both retirees and investors who make up a majority of buyers. Sarasota, Ft. Myers & Miami are also in the top five spots along with Detroit at fourth. Surprisingly Southeast Florida still has 1 & 2 bedroom, 55+ retirement condos available below $100,000.
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