Brevard County Real Estate Market Report for March 2025
- Adam Maxfield
- Apr 7
- 3 min read
Updated: Apr 8
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
2024 2025
Adam's Insight: I was worried that companies would start laying off employees with #DOGE and economic fears. However, 0.1% change isn't much. We are still in the healthy range of unemployment. Our Canadian neighbors unemployment rate is 63% higher than the USA. Canada feels like their market is still healthy, so 4.2% is still very healthy.
Florida Unemployment Rate
2024 2025
April 3.3%
May 3.3%
June 3.3%
July 3.3%
August 3.3%
September 3.4%
October 3.3%
November 3.3%
December 3.4%
Adam's Insight: As the nation's unemployment increases, Florida also followed suit. Both, the Nation and Florida are still in a healthy range. I do not believe this will slow down real estate for Brevard County. Rumor has it that large local tech companies are starting to hire 5,000 more employees.
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.
2024 2025
April 6.82%
May 7.22%
June 7.03%
July 6.95%
August 6.73%
September 6.35%
October 6.12%
November 6.79%
December 6.69%
Adam's Insight: News articles read that "interest rates are dropping, go and buy a home". This is nonsense, a home buyer will not notice a 0.06% change. If you real estate agent says "to date the rate and marry the house", you should find a new real estate agent. It could be 20 years before interest rates fall below 4%. The important factor is if you are comfortable paying your monthly mortgage, if it is not comfortable today then it probably wont be comfortable tomorrow.
Spot Gold Price (Price per Ounce)
2024 2025
Spot Silver Price
2024 2025
Brevard County Property Sales Statistics
Brevard County Properties Sold
2024 2025
January 686 688
February 893 778
March 1,109 967
April 1,147
May 1,246
June 1,049
July 1,158
August 1,058
September 853
October 841
November 705
December 942
Adam's Insight: I am very happy to see almost 200 more homes sold than last month, however we are down 13.5% over last year. The market is cooling but homes are still selling. We are definitely in a changing market, and we are working our way into a buyers market.
Brevard County New Listings
2024 2025
January 1,578 1,761
February 1,559 1,423
March 1,804 1,749
April 1,781
May 1,734
June 1,565
July 1,424
August 1,478
September 1,318
October 1,238
November 1,341
December 1,070
Brevard County Active Listings
2024 2025
January 3,553 4,634
February 3,862 5,025
March 4,037 5,155
April 4,295
May 4,417
June 4,496
July 4,481
August 4,454
September 4,554
October 4,431
November 4,648
December 4,528
Brevard County Absorption Rate
2024 2025
January 3.42 4.68
February 3.73 5.08
March 3.92 5.24
April 4.22
May 4.34
June 4.40
July 4.44
August 4.36
September 4.49
October 4.42
November 4.67
December 4.62
Brevard County Average Sales Price
2024 2025
January $414,497 $442,707
February $413,611 $433,976
March $391,721 $436,217
April $425,760 $457,901
May $420,068 $437,357
June $416,083 $424,678
July $418,235 $426,377
August $435,410 $425,816
September $408,702 $419,995
October $409,171 $431,981
November $426,062 $443,284
December $400,425 $415,487
Brevard County Average Days on Market
2024 2025
January 58 89
February 84 89
March 82 88
April 76
May 84
June 71
July 64
August 69
September 74
October 76
November 85
December 76
Written by Broker Adam Maxfield
Real Estate Sales and Investing
Maxfield Home Solutions
(321) 635-0060
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