Lexington, Kentucky Home Sales Rose Dramatically in Third Quarter

Lexington home sales rebounded strongly in the last two months compared to a year ago, according to data released this week by Property Valuation Administrator David O’Neill.

Sales of homes, townhomes, condos and duplexes rose 37 percent in July compared to July 2011, and sales were up 20 percent in August.

That builds on momentum that began in the first half of 2012 when home sales in Lexington showed modest increases compared to the same months in 2011. The upward trend appears to be evidence the housing market is stabilizing and beginning to recover from its long doldrums.

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