The average American homebuyer put down $64,000 in March, 1.5% less than a year earlier, contributing 15% of the purchase price compared to 16.1% previously. Slower home price growth, more low-down-payment loan options, and fewer bidding wars have led to smaller down payments. California metros had the highest percentages (~25%), while Detroit, Las Vegas, and Virginia Beach had the lowest (2-6%). Down payments remain higher than pre-pandemic levels despite recent declines.