Home Buyers Paying Cash Are Dominating the Property Market in These Cities

House hunters looking to stand out in a crowded market are increasingly making cash offers for properties, often giving them an edge over buyers who need to rely on mortgages.

An analysis of county records by real-estate broker and buyer Redfin Corp. found that 30% of U.S. home purchases in the first four months of this year were all cash, up from 25.3% last year. The share of cash buyers is the largest since 2014, the company said. Paying up front as opposed to obtaining financing is often seen as a way of getting a leg up on other potential buyers.