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The amount of homes being purchased for cash in the last half of 2023 and first month of 2023 has seen a "significant surge," according to a new report.
Naples real estate agent Mike Rodriguez, with Coldwell Banker Realty, compiled the report using Attom Data. Rodriguez says the data is for the six months ending Jan. 31.
And in that period, Naples led the way in the region, with 58.9% of all transactions conducted in cash. Cape Coral and Fort Myers are not far behind, with 52.2% of home sales completed through cash transactions, the report found.
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