Nearly half of NYC homebuyers are now paying entirely in cash, new study shows

All-cash home purchases in the New York metro area rose to 46% in early 2026, up from 43.1% the previous year, offering faster closings and stronger negotiating power. Nationally, cash sales declined in some cities. Many cash buyers use proceeds from previous home sales or inheritances. The median age for first-time buyers is now 40, raising concerns about delayed homeownership and lost equity opportunities.