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 finally seeing the effects of higher interest rates. The unemployment is slowly increasing which will hopefully stop inflation and hopefully cause a little deflation.
Florida Unemployment Rate
2023 2024
February 2.6% TBD
March 2.6%
April 2.6%
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 produced their unemployment rates yet.
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
April 6.32%
May 6.39%
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 markets have bounced back and forth, however I believe will see a 6.5% or higher interest rate for the rest of the year. The only way I believe it will fall below 6% is due to the election year.
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
May $1,981
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
May $24.96
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 1,188
April 1,148
May 1,230
June 1,188
July 986
August 1,108
September 1,007
October 914
November 908
December 814
Adam's Insight: Active listings are greatly increasing while sold homes are decreasing. This gap will continue until inflation is stopped or interest rates are greatly reduced.
Brevard County New Listings
2023 2024
January 1,362 1,578
February 1,210 1,559
March 1,535
April 1,355
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
April 2,332
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
April 2.13
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
April $425,760
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
April 18
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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