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: 2022 was a crazy year!
Florida Unemployment Rate
2021 2022
February 5.6% 3.3%
Adams Insight: This is coincidentally the lowest unemployment rate since 2006. I hope that this isn't a little foreshadowing for what may be on the horizon. 2008-2010 were some of the worst years for the housing market and the economy in general.
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 1,075
October 1,354 1,063
November 1,232 807
December 1,332 990
Adams Insight: The peak of the market looks to be April of 2022 on the sold to list ratio. A peak of 101% of homes listed sold. The peak was followed with a quick drop ending in December at 94%. The Days on Market spiked in October, from a steady 20 days on market to 55 days on market. I believe this is the beginning of the market correction.
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 1,172
October 1,413 1,311
November 1,262 1,032
December 1,063 1,036
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 2,509
October 1,615 2,641
November 1,521 2,723
December 1,347 2,695
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 2.2
October 1.21 2.15
November 1.14 2.26
December 1.01 2.31
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 $398,460
October $357,873 $392,498
November $355,011 $383,069
December $368,250 $392,362
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 13
October 6 15
November 6 20
December 7 24
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 3
October 7 7
November 13 5
December 11 4
Written by Adam Maxfield
Real Estate Sales and Investing
Keller Williams Realty of Brevard
(321) 423-8283
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