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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: 3% to 4% unemployment rate is great. The #nationalunemployment rate of 3.5% is great, but inflation is still increasing. The #FED will increase interest rates which will increase the unemployment rate and that chain reaction will slow and hopefully stop inflation. It is sad that the only option is to force layoffs to save the countries economy. I am happy I don't have to make that difficult decision.
Florida Unemployment Rate
2021 2022
February 5.6% 3.3%
October 3.7%
November 3.5%
December 3.5%
Adams Insight: Governor Ron #Desantis has managed to beat the National unemployment average month after month. The great state of #Florida has a few key industries; tourism, space technologies and farming.
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 1,200
September 1,257 1,075
October 1,354
November 1,232
December 1,332
Adams Insight: It looks like April of 2022 was the turning point in the market. The sold to listing graph displays exactly what is happening in the market. In September we have seen the biggest gap, only 897 pending transactions, while 1 year ago it was 1,358.
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 1,528
September 1,398 1,172
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 2,514
September 1,727 2,509
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 2.0
September 1.29 2.2
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 $426,527
September $367,150 $398,460
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 10
September 7 13
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 5
September 9 3
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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