6/30/25 Housing Update: Prices Hold, Days Stretch

Buyer activity inches up while homes take longer to sell and prices hover near highs

Mike Ugarte
June 30, 2025 • Estimated Reading Time: 3 minutes

The Pembroke Pines market showed a bit of a mixed signal this week.

We saw a modest uptick in pending sales, but homes are sitting longer and median prices are holding near record levels.

New listings held steady, suggesting sellers are still confident but buyers are moving cautiously.

Here's what the numbers reveal.

New Listings: Steady listing volume suggests the market is stabilizing at a higher inventory level, giving buyers more options.
Homes Under Contract: A small bump in contracts could signal returning buyer interest, but not a full rebound yet.
Median Days on Market: The increase to 56 days means homes are taking longer to sell, buyers are browsing longer and negotiating harder.
Median Price: Pricing remains high, but has flattened, potentially indicating resistance at this level.

We’re seeing the market recalibrate after a few weeks of big moves.

Sellers are holding firm on price, but longer days on market show buyers aren’t rushing in at these levels.

Interest Rate: 6.83% (⬇️ slightly down from 6.90% last week)

So What Does That Actually Look Like?

Let’s do the math:

At the current median price of $549,900, with a 5% down payment ($27,495), your loan would be about $522,405.

At a 6.83% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $3,406.

That’s before taxes, insurance, and HOA fees, but it gives you a realistic sense of the monthly commitment in today's market.

Rates continue to ease ever so slightly, dropping from 6.90% last week.

It's a welcome shift for buyers, but not dramatic enough to change affordability overnight.

The market is steady but cooling slightly.

Buyers have more negotiating room as homes sit longer.

Sellers price smart and be patient.

If you’re in the market to buy, the slower pace might be your window to make a move without the frenzy.

💡 Affordability Tip:

Even with rates at 6.83%, a small rate drop can save you hundreds per month.

Many lenders now offer rate buy downs or credits. Don’t skip the conversation.

👉 Buyer Tip: Get pre-approved before you shop. Knowing your monthly budget makes it easier to jump when the right home hits the market.

Ready to run the numbers on you ideal home?

Schedule a quick call with me here and I’ll connect you with a local lender who can show you exactly what’s possible in today’s market.