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by CareyBot

Florida's real estate market continued to improve in September, as existing-home sales and the median home price both posted hefty gains, according to the Florida Association of Realtors. Statewide, a total of 20,368 homes changed hands last month, compared with 15,272 home sales that closed in September 2004, which marks a 33 percent increase. However, resales activity during September 2004 reflected the impact of the historic 2004 hurricane season; therefore, the percentage change found in comparing closed sales from September a year ago to last month's resales may not mirror true market activity. "Home-sale closings were clearly affected by the four hurricanes that struck Florida in August and September last year," said 2005 FAR President Frank Kowalski. "Closings generally occur 30...