Unemployment Rates
The unemployment rate is a great market indicator for the future market. As long as employment numbers are strong, mortgages will be paid and manufactured items will be purchased.
National Unemployment Rate
2023 2024
Adam's Insight: We are hovering around a national unemployment rate of 3.8-3.9%. There are still plenty of jobs, but some demographics have started to increase in unemployment. It is easier to hiring electricians and plumbers and their costs are starting to level out. If this trend continues we will see the unemployment number increase.
Florida Unemployment Rate
2023 2024
May 2.6%
June 2.6%
July 2.7%
August 2.7%
September 2.8%
October 2.8%
November 2.9%
December 3.0%
Adam's Insight: Florida has not documented April unemployment rates.
30 Year Mortgage Rate Average in United States
*This information is pulled from the Federal Reserve and Freddie Mac. These are averages for information purposes only. This information is for the first day of the month; remember that a lot can change in 30 days.
2023 2024
June 6.79%
July 6.81%
August 6.9%
September 7.18%
October 7.31%
November 7.76%
December 7.03%
Adam's Insight: The interest rates continue to increase. Many people forget that prior to 2010, interest rates we ever lower than 5.0%. The average interest rate was around 7.5%. We have been hovering around 7% and I feel that we need to stay in this zone for a healthy economy. Low rates are a symbol of a weak economy and the rate is what is keeping it afloat.
Spot Gold Price (Price per Ounce)
2023 2024
January $1,829 $2,063
February $1,953 $2,054
March $1,836 $2,082
April $1,984 $2,249
May $1,981 $2,320
June $1,948
July $1,919
August $1,952
September $1,940
October $1,825
November $1,985
December $2,072
Spot Silver Price
2023 2024
January $24.10 $23.82
February $24.05 $23.15
March $20.98 $23.13
April $24.10 $25.09
May $24.96 $26.64
June $23.88
July $22.77
August $24.40
September $24.18
October $20.89
November $23.05
December $25.47
Brevard County Property Sales Statistics
Brevard County Properties Sold
2023 2024
January 738 686
February 967 893
March 1,262 1,109
April 1,167 1,147
May 1,230
June 1,188
July 986
August 1,108
September 1,007
October 914
November 908
December 814
Adam's Insight: The market is changing and it is a better place for buyers and sellers. Buyers now have options, with over 3,500 homes available in Brevard County to choose from a person can find exactly what they are looking for. Flippers have the ability to buy low and sell high earning a profit. Sellers are still able to earn a great price if they choose the right agent
Brevard County New Listings
2023 2024
January 1,362 1,578
February 1,210 1,559
March 1,535 1,804
April 1,355 1,781
May 1,489
June 1,309
July 1,353
August 1,476
September 1,397
October 1,389
November 1,226
December 1,026
Brevard County Active Listings
2023 2024
January 2,672 3,553
February 2,538 3,862
March 2,354 4,037
April 2,332 4,295
May 2,317
June 2,367
July 2,469
August 2,537
September 2,826
October 3,055
November 3,285
December 3,248
Brevard County Absorption Rate
2023 2024
January 2.35 3.42
February 2.27 3.73
March 2.13 3.92
April 2.13 4.22
May 2.14
June 2.19
July 2.31
August 2.39
September 2.67
October 2.9
November 3.15
December 3.09
Brevard County Average Sales Price
2023 2024
January $394,815 $414,497
February $394,504 $413,611
March $394,311 $391,721
April $425,760 $457,901
May $420,068
June $416,083
July $418,235
August $435,410
September $408,702
October $409,171
November $426,062
December $400,425
Brevard County Average Days on Market
2023 2024
January 26 58
February 31 59
March 22 82
April 68 76
May 18
June 14
July 15
August 18
September 19
October 22
November 23
December 29
Written by Adam Maxfield
Real Estate Sales and Investing
Keller Williams Realty of Brevard
(321) 635-0060
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