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Cash sales represented 26.2 percent of all residential property purchases in the Bridgeport-Stamford-Norwalk corridor during November 2016, according to data released by CoreLogic. This is 1.2 percent below the level recorded in November 2015, and it is below the 32.4 percent national rate for November 2016. Among the states, New York had the largest cash sales share at 47.4 percent.
CoreLogic also reported that Connecticut had the second-highest level of distressed sales during November 2016, with 18.2 percent of all residential transactions falling into this category. Among the states, only Maryland had a higher level, at 18.4 percent. Only eight states recorded higher year-over-year distressed sales shares during November 2016.
