Unemployment Rates
A healthy economy has a 3-5% unemployment rate, however a 3-5% unemployment rate does not always indicate a healthy economy. In simple terms, the unemployment rate is the number of workers without a job and looking for a job divided by the number of workers in the labor force. However, this number is manipulated, "the number of workers without a job and looking" is vague and up to interpretation. The unemployment rate is still a good market indicator, but use with caution.
National Unemployment Rate
2022 2023
Adams Insight: February beat expectations for the FED, and this is not a great thing for workers. The #FED is trying to increase the unemployment rate. When everyone has a job inflation starts to increase. What the FED wants is a slightly high unemployment rate and a flat inflation. Hopefully inflation slows to a creep of 1.5% so interest rates can stabilize soon.
Florida Unemployment Rate

2022 2023
March 3.2%
April 3.0%
May 3.0%
June 2.8%
July 2.7%
August 2.7%
September 2.7%
October 2.7%
November 2.7%
December 2.5%
Adams Insight: The Miami area has an unemployment rate of 1.7%. This number is outrageous. This means that the cost of everything is going up. In order to hire good employees a business must invest in infrastructure, culture and higher salaries. These costs will be past down to the consumer. Soon the bagger at the grocery store will be earning $20.00 an hour and a bag of rice will cost about $20.00 to match.
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, a lot can change in 30 days.
2023
January 6.48%
February 6.09%
March 6.65%
April %
May %
June %
July %
August %
September %
October %
November %
December %
Adams Insight: I believe that if rates stay between 4.75% and 6.75% our economy will stay healthy in the long run. The peaks and valleys are always around an economic downturn. Stability is good, we just need the #FED to stay out of politics and monitor national economics.
Brevard County Property Sales Statistics

Brevard County Properties Sold
2022 2023
January 988 738
February 1,093 967
March 1,359
April 1,309
May 1,289
June 1,355
July 1,062
August 1,200
September 1,075
October 1,063
November 807
December 990
Adams Insight: The number of properties sold is much better than I expected. I was worried the slump would continue, but 967 is great for January in a shifting market. Currently there are 1,161 pending transactions. This could make for a great March!

Brevard County New Listings
2022 2023
January 1,294 1,362
February 1,313 1,210
March 1,607
April 1,561
May 1,700
June 1,744
July 1,696
August 1,528
September 1,172
October 1,311
November 1,032
December 1,036
Brevard County Active Listings
2022 2023
January 1,174 2,672
February 1,081 2,538
March 1,110
April 1,146
May 1,441
June 1,686
July 2,152
August 2,514
September 2,509
October 2,641
November 2,723
December 2,695
Brevard County Absorption Rate

2022 2023
January 0.88 2.35
February 0.81 2.27
March 0.83
April 0.87
May 1.11
June 1.3
July 1.68
August 2.0
September 2.2
October 2.15
November 2.26
December 2.31
Brevard County Average Sales Price

2022 2023
January $354,264 $394,815
February $373,913 $394,504
March $388,414
April $419,303
May $418,863
June $419,316
July $415,560
August $426,527
September $398,460
October $392,498
November $383,069
December $392,362
Brevard County Median Days on Market

2022 2023
January 7 26
February 5 31
March 4
April 4
May 4
June 5
July 7
August 10
September 13
October 15
November 20
December 24
Brevard County Short Sales / Bank Owned / Auctions
2022 2023
January 10 6
February 4 16
March 7
April 4
May 6
June 6
July 4
August 5
September 3
October 7
November 5
December 4
Written by Adam Maxfield
Real Estate Sales and Investing
Keller Williams Realty of Brevard
(321) 635-0060
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