Connecticut cash sales for private homes continue to be below the national average, according to CoreLogic.
In December 2015, 30 percent of real estate transactions in Connecticut paid for in cash.
Nationally, CoreLogic said, cash sales accounted for 33.4 percent of total home sales in December 2015 and 33.9 percent of total home sales for the full year 2015. The full year 2015 cash sales share was the lowest since 2008. The December cash sales share was down 3.3 percentage points year over year from 36.7 percent in December 2014.
According to CoreLogic, which tracks real estate figures nationally, the cash sales share peaked in January 2011 when cash transactions accounted for 46.6 percent of total home sales nationally. Prior to the housing crisis, the cash sales share of total home sales averaged approximately 25 percent.
If the cash sales share continues to fall at the same rate it did in December 2015, the share should hit 25 percent by mid-2017.
