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: 3% to 4% unemployment rate is great. I do see a red flag with inflation increasing and home values sky rocketing. The beginning of every recession cycle started with the lowest unemployment rates in recent years.
Florida Unemployment Rate
2021 2022
February 5.6% 3.3%
September 3.9%
October 3.7%
November 3.5%
December 3.5%
Adams Insight: It is great to see the space tech companies moving to Brevard County and Florida. Everyday more people are moving in from the over priced states #California and #Washington. Even with the additional people Florida has maintained a low #unemployment rate.
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 1,289
June 1,522 1,355
July 1,332 1,062
August 1,397 1,200
September 1,257
October 1,354
November 1,232
December 1,332
Adams Insight: The market slowed in June and July but August rebounded with 1,200 homes closed. Please keep in mind that these homes went under contract in July. In August we exceeded previous months of new listings with a low number of sales. The absorption rate has finally crossed the 2.0 threshold which means #Realtors need to work harder for the same result!
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 1,700
June 1,602 1,744
July 1,669 1,696
August 1,538 1,528
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 1,441
June 1,420 1,686
July 1,593 2,152
August 1,665 2,514
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 1.11
June 1.07 1.3
July 1.18 1.68
August 1.25 2.0
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 $418,863
June $348,784 $419,316
July $358,399 $415,560
August $363,348 $426,527
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 5 4
June 7 5
July 7 7
August 7 10
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 6
June 20 6
July 14 4
August 17 5
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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