It’s mid December, and Pembroke Pines just saw a major drop in median home price paired with a longer time on market. But here’s the twist: more homes are going under contract than last week. The market isn’t frozen... it’s just shifting

Buyers: This is your window. Homes are sitting longer, sellers are more negotiable, and competition is light. If you're pre-approved and ready, you have real leverage right now.

Sellers: The days of listing high and letting the market catch up are gone, at least for now. If you're listing in December, be aggressive with pricing and expect longer timelines. Presentation matters more than ever.

Investors: Pay close attention to homes with long DOM as tired sellers might be ready to deal, and Q1 could bring more motivated inventory.

Interest Rate: 6.35% (⬆️ up from 6.34%)

So What Does That Actually Look Like?

Let’s do the math:

At the current median price of $427,500, with a 5% down payment ($21,350), your loan would be about $406,125

At a 6.35% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $2,530.

That’s before taxes, insurance, and HOA fees, but it gives you a clear picture of what monthly costs look like in today’s market.

Affordability is finally nudging in the right direction, not because of rates, but because of prices.

If you're a buyer who's been sidelined by high monthly payments, this is your moment to run the numbers again. A lower purchase price means:

If rates drop later in 2026, buyers who get in now could refinance later and come out ahead.