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: Inflation is still increasing and a benefit of inflation is spending. The average american has been spending so children across the country should have received presents under their christmas tree. The national inflation rate is hovering in the 3.5-4.5% range which is great for the average working american.
Florida Unemployment Rate
2023 2024
Adam's Insight: The Florida government has worked hard to keep our unemployment rate low. The space and defense industry are hiring in Brevard County. Tourism is definitely up since the port is a adding new cruise ships.
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
Adam's Insight: The #FED has kept interest rates in the 6.5-7.5 range for the last 2 years. When you see the words "Interest Rate Drop" in the news just keep reading. Nothing has changed except tenths of a percent which wont make or break anyone if they are going to buy a home in the first place. The market will not feel a change from interest rates unless we see a 2% change. The banks are making profit while the market becomes stagnant.
Spot Gold Price (Price per Ounce)
2023 2024
Spot Silver Price
2023 2024
Brevard County Property Sales Statistics
Brevard County Properties Sold
2023 2024
January 738 686
February 967 893
March 1,262 1,109
April 1,167 1,147
May 1,230 1,246
June 1,188 1,049
July 986 1,158
August 1,108 1,058
September 1,007 853
October 914 841
November 908 705
December 814 942
Adam's Insight: The good news is that November was the lowest month of sales for a very long time. It looks like many buyers just wanted to close in December. December sold about 100 more homes than expected, that is 13% more than anyone thought would close.
Brevard County New Listings
2023 2024
January 1,362 1,578
February 1,210 1,559
March 1,535 1,804
April 1,355 1,781
May 1,489 1,734
June 1,309 1,565
July 1,353 1,424
August 1,476 1,478
September 1,397 1,318
October 1,389 1,238
November 1,226 1,341
December 1,026 1,070
Brevard County Active Listings
2023 2024
January 2,672 3,553
February 2,538 3,862
March 2,354 4,037
April 2,332 4,295
May 2,317 4,417
June 2,367 4,496
July 2,469 4,481
August 2,537 4,454
September 2,826 4,554
October 3,055 4,431
November 3,285 4,648
December 3,248 4,528
Brevard County Absorption Rate
2023 2024
January 2.35 3.42
February 2.27 3.73
March 2.13 3.92
April 2.13 4.22
May 2.14 4.34
June 2.19 4.40
July 2.31 4.44
August 2.39 4.36
September 2.67 4.49
October 2.9 4.42
November 3.15 4.67
December 3.09 4.62
Brevard County Average Sales Price
2023 2024
January $394,815 $414,497
February $394,504 $413,611
March $394,311 $391,721
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
2023 2024
January 58 58
February 62 59
March 65 82
April 68 76
May 67 84
June 62 71
July 63 64
August 65 69
September 65 74
October 70 76
November 68 85
December 64 76
Written by Broker Adam Maxfield
Real Estate Sales and Investing
Maxfield Home Solutions
(321) 635-0060
Comments