Home sales in 16 Central Kentucky counties rose 12 percent in December compared with a year earlier, the Lexington-Bluegrass Association of Realtors said Friday.
Home sales improved in the latter months of last year as buyers began to take advantage of the federal new homebuyer tax credit. The program has been expanded to include a credit for purchases by existing homeowners.
The group said there were 550 residential sales closed in December, up from 491 in December 2008. For the full year, though, sales were down 3 percent.
The residential median sales price in December was $140,750, up 1 percent from $139,000 a year ago. Median sales price was down 2 percent for the full year.
The average days on market of a residential home dropped to 92 in December 2009 from 97 in December 2008.