A surge of homebuyers looking to take advantage of the soon-to-expire $8,000 federal tax credit boosted home sales in the third quarter in and around Lexington.
The Lexington-Bluegrass Association of Realtors reported that sales of single-family homes rose 11.5 percent in Lexington in September compared to the same month last year. In the 14-county area, including Fayette, covered by LBAR members, sales of single-family homes rose 6.7 percent.
Of the 310 single-family homes sold in Lexington in September, 122, or 39.4 percent, were to first-time homebuyers, said LBAR president Gale Fulton. When you add in condos and town homes, the number of first-time homebuyers increased to 137, she said.