Central Kentucky Home Sales Improved in August

Central Kentucky Real EstateThe percentage of Central Kentucky home sales continued to bounce back in August as the market further shed the shadow of the federal homebuyer tax credit.

Sales of detached residential homes jumped more than 32 percent compared to August 2010. In July, the measure had risen 11.1 percent, marking the first time since the primary end of the tax credit in June 2010 that sales were up compared to the same month a year earlier.

“We’re glad to be on the positive side of those numbers instead of on the negative side for a change, and hopefully that will continue,” said Barb Curtis, president of the Lexington-Bluegrass Association of Realtors. LBAR compiles the data from sales reported by its members, though the statistics can sometimes change due to later reporting of closings.

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