SD Sale Volume down -11.1% & median prices up 1.7%
“Absentee buyers – mostly investors and some second-home purchasers – bought 21.0 percent of the homes sold in September, paying a median of $205,000. Buyers who appeared to have paid all cash – meaning there was no indication that a corresponding purchase loan was recorded – accounted for 25.3 percent of September sales, paying a median $200,000. In February this year, cash sales peaked at 30.1 percent. The 22-year monthly average for Southland homes purchased with cash is 14.2 percent.”
.
