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, the 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: Many analysis are shocked, the government was estimating 187,000 new jobs, HOWEVER nonfarm payroll increased by 517,000. This increase helped the #unemployment hit a record low of 3.4% nationally. We also saw this type of record broken in 2006. This means the Federal Reserve will most likely increase interest rates to combat the extremely low unemployment. When everyone has a job prices go up, #inflation increases and economies prepare to crash.
Florida Unemployment Rate

2022 2023
February 3.3%
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: Florida has managed to stay ahead of the national curve in regard to jobs. The state has diversified from just tourism to retirement, space technologies, military contractors and farming. As long as Florida can keep our people working we will remain a great place to live which will keep our home values up.
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
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 sold property is reducing every month. If you want to sell your home in the next 2 years you should have sold it 9 months ago, but it isn't too late. We are only going to see more declines for sold homes and more homes on the market. Maxfield Home Solutions uses creative solutions to earn top dollar for our clients.

Brevard County New Listings
2022 2023
January 1,294 1,362
February 1,313
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
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
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
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
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
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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