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. The United States unemployment rate has finally stabilized in the 3.5%-4.0% range. Dow Jones estimated the rate was going to increase 0.2%, but we only had a slight increase over May. It is very difficult to employees, from painters to accountants.
Florida Unemployment Rate
2021 2022
February 5.6% 3.3%
July 4.5%
August 4.3%
September 3.9%
October 3.7%
November 3.5%
December 3.5%
Adams Insight: Florida's economy is based on tourism. The raising gas prices and inflation should curb vacations, however, Brevard County is still as busy as ever. As the national unemployment rates increases, Florida continues to decrease.
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
August 1,397
September 1,257
October 1,354
November 1,232
December 1,332
Adams Insight: June is usually a seasonal peak, yet Brevard County only sold a few more houses than in April. As the interest rates increase and inflation continues to grow we will see fewer homes each month. In 2021, almost 200 more homes sold than in 2022. I foresee this trend continuing until something changes (inflation, interest rates, economy).
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
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 1,441
June 1,420 1,686
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 1.11
June 1.07 1.3
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 $418,863
June $348,784 $419,316
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 5 4
June 7 5
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 6
June 20 6
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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