Monday Market Pulse

Inventory’s Up - But Buyers Aren’t Backing Down

This week’s housing numbers tell a clear story: inventory is growing, but demand is holding firm.

Pembroke Pines has 52 active listings on the market right now — a bump from recent weeks — while 40 homes are under contract, signaling that motivated buyers are still making moves despite higher rates.

Market Snapshot

• New Homes Listed in last 7 days: 52

• New Homes Under Contract in last 7 days: 40

• Median Days on Market: 38

• Median Price: $457,500

Buyers Getting Picky, Sellers Getting Strategic

Buyers are gaining a bit more leverage as inventory slowly rises, but this isn’t a market for lowballing.

Homes that are priced right and presented well are still moving within weeks.

For sellers, this means strategy is everything — condition, pricing, and timing all matter. If you’re on the market now, it’s time to stand out, not sit back.

Meanwhile, the median list price is holding at $457,500, showing some price resilience even as the market gains listings.

The median time on market is 38 days, which means serious buyers are still stepping up — just a little more selectively.

Mortgage Snapshot

Interest Rate: 6.91%

If you wanted to buy a median-priced Pembroke Pines home at $457,500:

Downpayment (5%): $22,875

Estimated Monthly Mortgage Payment (30-year fixed): ~$2,859 (Principal & Interest only)

The average 30-year fixed rate is 6.91% this week. That’s keeping affordability tight — especially for buyers using low down payments.

To give you a real-world picture:

On a $457,500 home with a 5% down payment, the estimated principal & interest (P&I) at today’s rate would be about $2,859/month.

That’s before taxes, insurance, and PMI — all of which could push your monthly cost over $3,500/month depending on the specifics.

It’s a reminder that rates and down payments go hand-in-hand when calculating true affordability.

Takeaway:

Inventory is up, but buyers are still active — just more price-conscious.

If you’re thinking of jumping in, now’s the time to run the numbers and act smart.

If you're selling, lead with value and make your listing impossible to ignore.

💬 Thinking about buying?
With the market moving quickly, all of our clients are already pre-approved and ready to make offers. If you’d like an intro to a trusted mortgage lender, just hit reply — I’m happy to connect you.