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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%
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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