Home sales are beginning to cool off in much of Florida, but in the Tampa Bay area sales remain strong.

Statewide sales fell in October, especially in areas impacted by Hurricane Wilma. There were 16,029 homes sold statewide, down 5 percent from October 2004. the latest report from Florida Association of Realtors said.

In Tampa Bay, sales rose to 3,735, a 4 percent increase from last year.

Nationally, sales were lower than in September, but up 3.7 percent from October 2004.

The hurricanes delayed many closings because most insurers stopped issuing new policies as the storm neared Florida, and, following the storm, some lenders required a re-inspection of properties before they would release mortgage money.

Despite storm problems, however, the state's median home price rose 28 percent in October to $241,000 from $188,800 in October 2004.

In September 2005, the median price was $247,800. In October 2000, FAR records show the statewide median sales price was $116,100, resulting in an increase of 107 percent over the five-year period.

In Tampa Bay, the median price increased 35 percent to $225,700 from last year's $167,000. Nationally prices increased 16.6 percent in a year, from $187,000 to $218,000.

Many realtors across the state feel that demand is catching up with supply, the FAR report said.

The Florida Association of Realtors provides programs, services, continuing education, research and legislative representation to its more than 145,000 members in 68 boards/associations.

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