All-cash home purchases remain a powerful force shaping the housing market. Roughly one-third (32.8%) of homes sold in the first half of 2025 were paid for in all cash, a slight retreat (-0.6 percentage point) from the first half of 2024. Although this remains below the post–Great Recession peak (35.4% in 2012), cash buying is meaningfully higher than pre-pandemic levels, when cash buying averaged 28.6% in 2015–19. The cash buying share climbed from 2021 through 2023, before easing in 202...
