Housing Update: Week of 9/22/25

A Lot Can Shift in a Week

After a slow September start, new listings jumped in Pembroke Pines but demand? Not so much.

Median prices dipped sharply, and while mortgage rates stayed relatively flat, affordability is still squeezing buyers.

Starting this week, we’re also tracking rental market stats, because whether you’re a tenant or a landlord, you need to know where things are heading.

The rental market’s holding steady, but inventory is climbing there too.

Let’s break it down.

Market Snapshot

• New Homes Listed in last 7 days: 67 (⬆️ up from 50)

• New Homes Under Contract in last 7 days: 29 (⬇️ down from 37)

• Median Days on Market: 45 (⬇️ down from 52)

• Median Price: $515,000 (⬇️ down from $625,000)

What the Numbers Mean

More homes hitting the market gives buyers a bit more choice but the demand isn't keeping up.

The sharp price drop could be noise from a few lower end closings, or it might reflect sellers adjusting expectations.

Either way, if you’re listing right now, pricing it right from the start matters more than ever.

For buyers, there’s opportunity if you’re watching closely.

Mortgage Snapshot

Interest Rate: 6.34% (⬇️ slightly down from 6.39% last week)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $515,000, with a 5% down payment ($25,750), your loan would be about $489,250.

At a 6.34% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $3,029.

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.

What It Means For You

A slight dip in rates this week gives buyers a bit more breathing room, about $60/month compared to last week.

It's not a game changer, but in this price range, every bit helps.

Still, overall affordability remains tight, especially with property taxes and insurance layered on top.

Rental Snapshot

• New Rentals Listed in last 7 days: 54

• New Rentals Under Contract in last 7 days: 30

• Median Days on Market: 40

• Median Rent Price 

  • Single Family Homes: $4,000 ($1.94/sqft)

  • Condos/Townhouses: $2,250 ($2.11/sqft)

What it Means

The rental market’s stacking up a bit.

With 54 new listings and only 30 rented, inventory’s growing especially for higher end single family homes.

That could soften prices if the trend continues.

For tenants, it means more choices and maybe a little negotiating room.

For landlords, pricing smart and offering move in incentives could keep vacancy time down.

💡 Not sure if buying or renting makes more sense right now?