27% of Homes Sold in September Were Bought with Cash

In case you haven’t heard, 27% of homes sold in September were bought with cash, according to NAR. That’s more than 1 in 4.

When you hear a number like that, it’s easy to wonder how that’s even possible nowadays – especially with so many people struggling with affordability.

You might picture wealthy investors with deep pockets…but not all cash buyers are who you’d think.

Some are just regular homeowners who’ve built up enough equity over the years to sell their house and buy their next one in cash.

So sure, affordability is tight. But that doesn’t mean buying a home today is only possible for the wealthy or big investors.

If you own a home and you’ve lived there for a while, you may be in a better position to move than you think. Want to know how much equity you have? Let’s find out what it could do for your next move.

Let’s connect to explore your options today. You can also call or text me at 908-304-4660.

Don’t forget to check out our latest market reports!

About the Author: Joe Peters

I’m Joe Peters. For more than two decades, I’ve guided hundreds of homebuyers and sellers in Hunterdon and Somerset Counties toward achieving their goals and dreams. Buying or selling a home should feel exciting, not stressful. Whether you’re buying for the first time, upsizing, downsizing, or planning a move to a 55+ community, a knowledgeable local agent can guide you every step of the way. As a Certified Senior Real Estate Specialist (SRES), I also work with senior clients and their families to guide them through the many challenges of this life stage, drawing on my deep network of reliable senior service resources.