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Brevard County Real Estate Market Report for August 2022


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: 3% to 4% unemployment rate is great. I do see a red flag with inflation increasing and home values sky rocketing. The beginning of every recession cycle started with the lowest unemployment rates in recent years.


Florida Unemployment Rate

2021 2022

February 5.6% 3.3%

March 5.4% 3.2%

April 5.1% 3.0%

May 4.9% 3.0%

June 4.8% 2.8%

July 4.5% 2.7%

August 4.3% 2.7%

September 3.9%

October 3.7%

November 3.5%

December 3.5%


Adams Insight: It is great to see the space tech companies moving to Brevard County and Florida. Everyday more people are moving in from the over priced states #California and #Washington. Even with the additional people Florida has maintained a low #unemployment rate.


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 1,062

August 1,397 1,200

September 1,257

October 1,354

November 1,232

December 1,332


Adams Insight: The market slowed in June and July but August rebounded with 1,200 homes closed. Please keep in mind that these homes went under contract in July. In August we exceeded previous months of new listings with a low number of sales. The absorption rate has finally crossed the 2.0 threshold which means #Realtors need to work harder for the same result!


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 1,696

August 1,538 1,528

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 2,152

August 1,665 2,514

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 1.68

August 1.25 2.0

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 $415,560

August $363,348 $426,527

September $367,150

October $357,873

November $355,011

December $368,250


Brevard County Median Days on Market

Sold to List Ratio Brevard County Florida Real Estate
The peak of the market was April of 2022

2021 2022

January 15 7

February 15 5

March 12 4

April 9 4

May 5 4

June 7 5

July 7 7

August 7 10

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 4

August 17 5

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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