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Brevard County Real Estate Market Report for July 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: A stable unemployment rate is a powerful indicator. The United States unemployment rate has finally stabilized in the 3.5%-4.0% range. Dow Jones estimated the rate was going to increase 0.2%, but we only had a slight increase over May. It is very difficult to employees, from painters to accountants.


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%

September 3.9%

October 3.7%

November 3.5%

December 3.5%


Adams Insight: Florida's economy is based on tourism. The raising gas prices and inflation should curb vacations, however, Brevard County is still as busy as ever. As the national unemployment rates increases, Florida continues to decrease.


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

September 1,257

October 1,354

November 1,232

December 1,332


Adams Insight: After the interest rates increased home sales have quickly started to turn. When interest rates doubled, many buyers were quickly knocked out of the market. Once the market stabilizes, home sales will rebound, this may take two months or possibly years.


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

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

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

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

September $367,150

October $357,873

November $355,011

December $368,250


Brevard County Median Days on Market

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

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

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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