All-cash sales represented 31.1 of the total home sales recorded in August, according to a CoreLogic report on cash and distressed home sales. This was a decline of 1.5 percentage points from cash sales in August 2015.  The company said that, if cash sales continue to decrease at the August rate, they should hit the pre-crisis rate of 25 percent by mid-2019.

Cash sales were highest in Alabama with a 44.9 percent share.  Other states with elevated cash sales include New York (42 percent), Florida (40.9 percent), Indiana (38.6 percent) and Kansas (38 percent).

Cash transactions peaked in January 2011 at 46.6 percent of all home sales, and at approximately the same time sales of lender-owned real estate typically made up around 27 percent of the home sales market.  While cash still accounts for a large share of REO sales, 58.8 percent, those sales now have only a 4.6 percent share and have very little impact on overall cash statistics.  

Home resales make up the largest share of home sales and 31 percent of those sales were for cash, as were 29.1 percent of short sales, but that sector was so small as to have negligible impact on the total.  Cash sales represented a 15.6 percent share of newly constructed home sales.

Total distressed sales, including sales of REO are also down, a 7.3 percent total share with the remaining 2.7 percent being short sales.  The REO share in August was the lowest for any month since August 2007 and the total distressed sales share was the lowest since September 2007.  CoreLogic estimates that, at the current rate of decline, the distressed sales share will reach a "normal" rate of 2 percent by mid-2018.

All but eight states recorded a lower distressed sales shares in August 2016 than a year earlier. Maryland had the largest share of any state at 19.1 percent, followed by Connecticut (18.5 percent), Michigan (17.7 percent), New Jersey (15.9 percent) and Illinois (15.3 percent).