Cash, not cash? A bit of local perspective on cash real estate transactions in the Charlottesville area.
The Washington Post just published an interesting story about cash real estate transactions. It would be more useful if you could go back and see the percentage of cash transactions over the past five years.
Last year (2018), same timeframe, 1140 had sold. So a fairly significant increase in volume. But the one reason I pulled this number for the pod was that this year, of that 1278, 310 have sold with cash. And last year, almost 300 had sold with cash, so fairly consistent. That’s the one data point in the MLS in that house sold perspective that I think is fairly accurate. The other ones between ARMS and fixed-rate mortgages and stuff are not always properly selected.