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Brevard County Real Estate Market Report for February 2024




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: We are finally seeing the effects of higher interest rates. The unemployment is slowly increasing which will hopefully stop inflation and hopefully cause a little deflation.


Florida Unemployment Rate

2023 2024

February 2.6% TBD

March 2.6%

April 2.6%

May 2.6%

June 2.6%

July 2.7%

August 2.7%

September 2.8%

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

January 6.48% 6.62%

February 6.09% 6.63%

March 6.65% 6.94%

April 6.32%

May 6.39%

June 6.79%

July 6.81%

August 6.9%

September 7.18%

October 7.31%

November 7.76%

December 7.03%


Adam's Insight: The markets have bounced back and forth, however I believe will see a 6.5% or higher interest rate for the rest of the year. The only way I believe it will fall below 6% is due to the election year.


Spot Gold Price (Price per Ounce)




2023 2024

January $1,829 $2,063

February $1,953 $2,054

March $1,836 $2,082

April $1,984

May $1,981

June $1,948

July $1,919

August $1,952

September $1,940

October $1,825

November $1,985

December $2,072


Spot Silver Price



2023 2024

January $24.10 $23.82

February $24.05 $23.15

March $20.98 $23.13

April $24.10

May $24.96

June $23.88

July $22.77

August $24.40

September $24.18

October $20.89

November $23.05

December $25.47


Brevard County Property Sales Statistics


Brevard County Properties Sold


2023 2024

January 738 686

February 967 893

March 1,188

April 1,148

May 1,230

June 1,188

July 986

August 1,108

September 1,007

October 914

November 908

December 814


Adam's Insight: Active listings are greatly increasing while sold homes are decreasing. This gap will continue until inflation is stopped or interest rates are greatly reduced.


Brevard County New Listings


2023 2024

January 1,362 1,578

February 1,210 1,559

March 1,535

April 1,355

May 1,489

June 1,309

July 1,353

August 1,476

September 1,397

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

April 2,332

May 2,317

June 2,367

July 2,469

August 2,537

September 2,826

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

April 2.13

May 2.14

June 2.19

July 2.31

August 2.39

September 2.67

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

April $425,760

May $420,068

June $416,083

July $418,235

August $435,410

September $408,702

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

April 18

May 18

June 14

July 15

August 18

September 19

October 22

November 23

December 29


Written by Adam Maxfield

Real Estate Sales and Investing

Keller Williams Realty of Brevard

(321) 635-0060



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