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April 29, 2024

Rise in all-cash transactions helping drive price gains for most expensive US homes

  • Some 46.8% of luxury homes were bought entirely with cash in the three months ended Feb. 29, according to Redfin.
    • By ALEX VEIGA
    AP Business Writer

    iStock photo
    The median sale price of luxury homes, or those valued in the top 5% of the market nationally, hit an all-time high in the first quarter, according to Redfin.

    LOS ANGELES — Well-heeled home shoppers are increasingly paying cash, helping turbo-charge price gains for the most expensive U.S. homes.


     
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