Spring 2024 Housing Market Outlook

Cash sales on the rise as interest rates remain elevated

Coastal Association of REALTORS ® Share of Home Sales, All Cash

Sussex County Share of Home Sales, All Cash

40%

36.3% 36.0%

33.4% 34.0%

31.3%

30.7%

29.7%

28.7%

30%

28.2%

26.2% 25.2%

25.5%

25.1%

22.0%

20%

10%

0%

2018 2019 2020 2021 2022 2023 Q1 2024

2018 2019 2020 2021 2022 2023 Q1 2024

11

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