Cash sales made up 32.9 percent of total home sales in July 2014, down from 35.9 percent in July 2013, according to a new report from data and analytics provider CoreLogic. That’s the lowest level in six years.

The cash sales share was flat compared with June, inching down 0.1 percent, CoreLogic wrote, warning that year-over-year comparisons are more useful for case sales due to the seasonal nature of the housing market. The year-over-year share has fallen each month since January 2013. Prior to the housing crisis, the cash sales share of total home sales averaged approximately 25 percent. The peak occurred in January 2011, when cash transactions made up 46.3 percent of total home sales.

More than half of real estate owned (REO) sales, 56.3 percent, were all-cash in July, while just about a third of existing home sales (32.4 percent) and short sales (31.1 percent) were all cash, as well as 16 percent of new construction sales. While the percentage of REO sales that were cash transactions remained high, REO transactions made up only 7.1 percent of total sales in July and, therefore, did not have a large influence on the overall cash sales share. In January 2011, when the cash sales share was at its peak, REO sales made up 23.9 percent of total sales.

The share of existing home sales which are all cash has fallen almost 15 percentage points from its peak of 47.1 percent in February 2011. This category will determine the direction of cash sales going forward, since existing home sales make up 81 percent of all sales.

Florida had the largest cash sales share of any state at 49.7 percent, followed by Alabama (47.6 percent), New York (44.5 percent), West Virginia (42 percent) and Idaho (39.9 percent). About 20 percent of Massachusetts sales were all-cash.