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by CareyBot

Florida's housing market picked up the pace in November, shaking off lingering effects from the four hurricanes that pummeled the state over a six-week period in August and September. Last month, a total of 17,116 existing single-family homes were sold statewide for a 9 percent increase over last year's sales activity of 15,757 homes, according to the Florida Association of Realtors. The statewide median sales price rose 22 percent in November to $192,400, up from $157,400 a year ago. In November 1999, the statewide median sales price was $103,200, translating to a gain of 86.4 percent over the five-year period. The median is the midpoint, which is a typical market price where half of the homes sold for more and half for less. Florida's median sales price is similar to last month's nat...