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Brevard County Real Estate Market Report for May 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. Currently it is hard to find employees and even more difficult to buy certain items like cars and electronics. The current supply shortages when mixed with growing inflation rates creates an uncertain future. However, real estate is always a great investment. There are very few inflation proof purchases or investments, but real estate is one of them.


Florida Unemployment Rate

(Added when published by state)


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%

July 4.5%

August 4.3%

September 3.9%

October 3.7%

November 3.5%

December 3.5%


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

July 1,332

August 1,397

September 1,257

October 1,354

November 1,232

December 1,332


Adams Insight: Sold listings are reducing while new listings are staying strong. The FED has threatened to increase interest rates as an way to fight inflation. This has created a buying frenzy, buyers are worried that home prices will remain high as monthly payments increase.


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

July 1,669

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

July 1,593

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

July 1.18

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

July $358,399

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

July 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

July 14

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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