Cash sales dropped ever closer to the pre-crisis norm of 25 percent in July, falling from 34.2 percent 12 months earlier to 30.8 percent, according to a new report from CoreLogic.

With traditional financing becoming a more realistic option for first-time buyers and older homeowners looking to re-enter the market, cash sales have fallen steadily since their peak in Jan. 2011, when cash transactions accounted for 46.5 percent of total home purchases.

CoreLogic’s researchers estimate that at the current rate of decline, cash sales share should hit the 25 percent mark by mid-2017.

Despite the waning significance of cash sales nationwide, they remain a significant market factor in Miami, where foreign buyers who tend to prefer cash are keeping sales share high at 52.2 percent. Still, the city has made headway in reducing that number, as it fell 4.8 percentage points year-over-year.

Cash sales are less pronounced statewide, but at 45 percent, Florida still represents one of the most cash-heavy states in the U.S.