July 21, 2025 Housing Update

Inventory holds steady, but buyer activity cools as rates inch up

Mike Ugarte
July 21, 2025 • Estimated Reading Time: 3 minutes

This week’s market data shows a classic midsummer slowdown.

While new listings stayed about the same, buyer activity took a noticeable dip, and median days on market crept up.

Let’s break down what that means for both buyers and sellers right now in Pembroke Pines.

The market is showing signs of cooling, fewer homes went under contract and they’re sitting longer before selling.

This gives buyers a bit more breathing room and leverage, especially with prices holding relatively flat.

Sellers may need to be more competitive with pricing and presentation, especially as interest rates continue to rise.

Interest Rate: 6.87% (⬆️ slightly up from 6.82% last week)

So What Does That Actually Look Like?

Let’s do the math:

At the current median price of $429,499, with a 5% down payment ($21,475), your loan would be about $408,024.

At a 6.87% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $2,675.

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.

Higher rates are keeping monthly payments elevated, even as home prices dip slightly.

If you’re a buyer, that means your budget might not stretch as far, but with homes sitting longer and less competition, there’s room to negotiate.

Sellers should prepare for a more selective pool of buyers and price accordingly.

💡 Affordability Tip:

Even with rates at 6.87%, 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.