Home buyers are bringing more money to the closing table. The median down payment on single-family homes and condos purchased with financing in the third quarter was $20,250—up 7 percent from the previous quarter. The median down payment as a percentage of the median home sales price was 7.6 percent in the third quarter—the highest percentage since the fourth quarter of 2003, according to ATTOM Data Solutions, a real estate data provider.
Among the 96 metro areas ATTOM tracked, the cities with the highest median down payments as a percentage of the median home sales price were:
- San Jose, Calif. (24.7%)
- San Francisco (23.3%)
- Los Angeles (20.6%)
- Oxnard-Thousand Oaks-Ventura, Calif. (19%)
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