I’ve been running some data for an upcoming post on Redfin’s Seattle blog, and came across a surprising statistic: So far in 2012, 36% of sales in King County have been all-cash. This is up from a mere 12% in 2006. Meanwhile, another 32% of homes have been purchased with a good solid 20% or larger down payment.
Here’s a quick comparison between 2006 (the peak for zero-down financing) and 2011:
I’ll be posting a more in-depth look at these numbers later this week after we’ve aired them on the Redfin Seattle blog.