Florida Home Sales

By: Associated Press
By: Associated Press

The Florida Association of Realtors reports sales of single-family existing homes in the state dropped 23-percent compared to the previous September.

More than 1,400 homes statewide were sold. The association says the number was minimal because of hurricanes Frances, Ivan and Jeanne.

Most insurers do not write homeowners' policies when a hurricane threatens. The association says after the hurricanes, many buyers were unable to obtain coverage, delaying closings.

Property inspections, repairs and data collection for listings were delayed.

Although the number of sales fell, the average sale price didn't.

The statewide median sales price rose 23-percent to almost $200,000.

A year ago, it was a little over $150,000.


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