Cash sales for homes have dropped in the area, but they remain the fifth highest rate in the nation.

CoreLogic says the share for cash sales in the North Port-Sarasota-Bradenton market fell in April compared to the same time last year.

It came in at 51.6 percent of transactions, 6.9 points less than April of last year.

The cash sales share here remains higher than the national rate of 31.6 percent.

The national rate, though has also dropped 2.8 points over the last year.