Unemployment Rates
A healthy economy has a 3-5% unemployment rate, however a 3-5% unemployment rate does not always indicate a healthy economy.
National Unemployment Rate
2021 2022
Adams Insight: A stable unemployment rate is a powerful indicator, however we are starting to see inflation. The inflation was bound to happen when the federal government started printing money faster than it could be spent. A key item to remember is that nothing is free, and the easiest way to eliminate debt is to spur inflation. Florida's unemployment rate is beating the national average. The current administration has done a great job at inviting business to Florida.
Florida Unemployment Rate
(Added when published by state)
2021 2022
February 5.6% 3.3%
May 4.9%
June 4.8%
July 4.5%
August 4.3%
September 3.9%
October 3.7%
November 3.5%
December 3.5%
Brevard County Property Sales Statistics
Brevard County Properties Sold
2021 2022
January 989 988
February 1,179 1,093
March 1,553 1,359
April 1,515 1,309
May 1,349
June 1,522
July 1,332
August 1,397
September 1,257
October 1,354
November 1,232
December 1,332
Adams Insight: Sold listings are reducing while new listings are staying strong. There is still a pool of hungry buyers, but once the pool of buyers have found a home we will see prices drop. If interest rates continue to increase the values will stabilize (most likely drop). Viera builders are still selling homes for more than they ever imagined, so the market is still strong. If there is a drastic change in May (interest rates) we will start to see DOM (days on market) lengthen.
Brevard County New Listings
2021 2022
January 1,396 1,294
February 1,420 1,313
March 1,536 1,607
April 1,582 1,561
May 1,469
June 1,602
July 1,669
August 1,538
September 1,398
October 1,413
November 1,262
December 1,063
Brevard County Active Listings
2021 2022
January 2,018 1,174
February 1,702 1,081
March 1,479 1,110
April 1,515 1,146
May 1,367
June 1,420
July 1,593
August 1,665
September 1,727
October 1,615
November 1,521
December 1,347
Brevard County Absorption Rate
2021 2022
January 1.68 0.88
February 1.40 0.81
March 1.20 0.83
April 1.06 0.87
May 1.06
June 1.07
July 1.18
August 1.25
September 1.29
October 1.21
November 1.14
December 1.01
Brevard County Average Sales Price
2021 2022
January $298,597 $354,264
February $291,443 $373,913
March $315,019 $388,414
April $346,745 $419,303
May $331,249
June $348,784
July $358,399
August $363,348
September $367,150
October $357,873
November $355,011
December $368,250
Brevard County Median Days on Market
2021 2022
January 15 7
February 15 5
March 12 4
April 9 4
May 8
June 7
July 7
August 7
September 7
October 6
November 6
December 7
Brevard County Short Sales / Bank Owned / Auctions
2021 2022
January 10 10
February 13 4
March 10 7
April 16 4
May 8
June 20
July 14
August 17
September 9
October 7
November 13
December 11
Written by Adam Maxfield
Real Estate Sales and Investing
Keller Williams Realty of Brevard
(321) 423-8283
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