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: The unemployment rate tricked the economists by adding 254,000 jobs, almost double the expected 140,000. The unemployment rate trickled down to 4.1%. Interest rates were reduced which created a media blitz, but now the rates have quietly increased back to 6%. This will again slow the market down and industry.
Florida Unemployment Rate
2023 2024
September 2.8% TBD
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
October 7.31%
November 7.76%
December 7.03%
Adam's Insight: The #FED has used interest rates to manipulate the economy. Unemployment decreases and interest rates increase to slow the inflation. The inflation rate is at 2.5% on a 12 month rate, however that just means that prices are not increasing as fast as a year ago. Grocery prices are still very high and increasing. Silver is 20% higher than 1 year ago and is 29% higher than last year. The FED chooses a measurement system for the inflation rate, but based on gold and silver we are still at 20-30% which is very high!
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
November 908
December 814
Adam's Insight: Even as interest rates decrease, home sales in Brevard County take drop. 16.6% decrease in sales throughout the county is a sizable reduction. The good news is that the beginning of the year was great so the county is only 4.8% behind last years sales year to date.
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
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 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
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 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
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 $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
November $426,062
December $400,425
Brevard County Average Days on Market
2023 2024
January 26 58
February 31 59
March 22 82
April 68 76
May 18 84
June 62 71
July 15 64
August 65 69
September 65 74
October 22
November 23
December 29
Written by Broker Adam Maxfield
Real Estate Sales and Investing
Maxfield Home Solutions
(321) 635-0060
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