Cash sales accounted for 32.5 percent of total home sales in September 2015, down 3.4 percentage points year over year, according to a report released by CoreLogic, a property analytics firm. The share of cash sales increased by 0.2 percent in September 2015 compared with August 2015. The cash sales share typically increases month over month in September, and due to seasonality in the housing market, cash sales share comparisons should be made primarily on a year-over-year basis.

In Connecticut, cash sales made up 26 percent of all sales in September 2015, according to the report.

Cash sales share peaked in January 2011 when they accounted for 46.6 percent of total home sales nationally. Prior to the housing crisis, the cash sales share of total home sales averaged approximately 25 percent. If the cash sales share continues to fall at the same rate it did in September 2015, the share should hit 25 percent by mid-2017.

Real estate-owned (REO) sales made up 58.3 percent of all cash sales in September 2015. Resales had the next highest cash sales share at 32 percent, followed by short sales at 29.1 percent and newly constructed homes at 15.9 percent.