Mar 19, 2025 - Real Estate
Cash home buying stays strong in D.C. region
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D.C. homebuyers still love cash: 23.1% of homes purchased last year in the Washington region were bought with cash, up slightly from 2023.
The big picture: Cash buyers, many of them investors, are pulling back nationwide after a pandemic shopping spree.
- The share of U.S. homes bought with cash fell to just under one-third last year — the lowest since 2021, according to a recent Redfin analysis.
- But the trend is holding steady in the D.C. region, per Redfin.
Between the lines: The DMV's luxury real estate market boomed last year, with higher-income buyers less burdened by interest rates and expensive prices and more willing to pay all cash.
What we're watching: Whether cash sales keep pace in 2025 as home prices rise.
- D.C. home prices were up 11.5% in February, compared to last year, per Redfin.