Cash home sales in Bridgeport-Stamford-Norwalk down in May

By Kevin Zimmerman

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The cash sales share of total home sales in Bridgeport-Stamford-Norwalk was down for the month of May over the same period last year and sits at 25.8 percent, a 3.8 percentage point decrease compared with May 2015, according to research firm CoreLogic.

The cash sales share in Bridgeport-Stamford-Norwalk was lower than the 30 percent national rate, which itself was down 2.5 percentage points from May 2015.

Alabama had the largest cash sales share of any state at 45.2 percent, followed by New York (45.1 percent), Florida (42.4 percent), New Jersey (36.4 percent) and Indiana (36 percent). Of the nation’s largest 100 Core Based Statistical Areas (CBSAs) measured by population, Detroit-Dearborn-Livonia, Mich. had the highest cash sales share at 53.4 percent, followed by West Palm Beach-Boca Raton-Delray Beach, Fla. (52.3 percent), Philadelphia, Penn. (52 percent), North Port-Sarasota-Bradenton, Fla. (50.3 percent) and Cape Coral-Fort Myers, Fla. (49.3 percent). Syracuse, N.Y. had the lowest cash sales share at 13.7 percent.

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