Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

Published: Feb 17, 2023 3 min read
West Palm Beach, Florida, Exterior View
West Palm Beach, Florida
Getty Images

An unusually high share of homebuyers continue to avoid high mortgage rates and make their purchases in cash. All-cash home sales edged slightly lower at the end of 2022 but were close to an eight-year high, according to recently released data.

A report from real estate brokerage Redfin found that roughly a third (31%) of home purchases across the U.S. last December were purchased in cash, down slightly from November’s peak. Redfin analyzed county records from 40 of the most populated metro areas going back to 2011.

What the data says