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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: When the COVID-19 pandemic started, the national unemployment rate reached 13%. I believe it was much higher then published but even 13% is damaging to countries economy. In the last 2 years our employment numbers have returned to a normal range, but the housing market has not.
Florida Unemployment Rate
(Added when published by state)
2021 2022
February
March
April
May
June
July
August
September
October
November
December
Brevard County Property Sales Statistics
Brevard County Properties Sold
2021 2022
January 989 988
February 1,179
March 1,553
April 1,515
May 1,349
June 1,522
July 1,332
August 1,397
September 1,257
October 1,354
November 1,232
December 1,332
Adams Insight: Home sales are about 45% higher in December of 2021 than in December of 2018 (a healthy market). In December of 2018, 892 homes were sold. In December of 2018, there were 4,080 homes available on the market to choose from, in 2022 there were only 1,347. The increase in demand combined with the reduced inventory has created a feeding frenzy. If you are determined to buy a home in 2022 you better plan on finding a deal (few available even for cash buyers) or be prepared to pay top dollar.
Brevard County New Listings
2021 2022
January 1,396 1,294
February 1,420
March 1,536
April 1,582
May 1,469
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
March 1,479
April 1,515
May 1,367
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
March 1.20
April 1.06
May 1.06
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
March $315,019
April $346,745
May $331,249
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
March 12
April 9
May 8
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
March 10
April 16
May 8
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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