Jan 14, 2025 - Business
Nearly 1 in 3 Nashville home sales are paid in cash
Add Axios as your preferred source to
see more of our stories on Google.
Just over 30% of Nashville-area homes purchased recently were bought with cash, according to a recent Redfin analysis.
- Nashville's share of cash purchases is in line with the national figure of 29.2%
Why it matters: As all-cash buyers snap up houses, many aspiring homeowners feel shut out by high mortgage rates and prices, plus low inventory.
Between the lines: Individual buyers paying cash are often selling their current homes.
- Nearly a third (31%) of repeat homebuyers paid cash and didn't finance their homes, National Association of Realtors research shows.
The bottom line: Good luck beating an all-cash offer in a bidding war.