Riverside posts the fourth-highest all-cash home share in the country

Redfin: All-cash buyers paid for 38.1% of March home sales in the Riverside metro, the fourth-highest share of any major U.S. market, behind Cleveland and West Palm Beach (51.1% each) and Detroit (45.8%). Nationally, the cash share slid to 28.8%, tied with 2021 for the lowest March reading since 2020.

Redfin ties the national drop to a buyer's market — sellers outnumbered buyers by a near-record margin in March — and to mortgage rates easing into the low 6s, which cut the incentive to skip a loan. Cash peaked near 35% in 2023 when rates touched 8%. That the IE still runs so far above the national line says more about who's buying here than about rates: affordable price points and investor activity keep cash a bigger factor in this market than in most.