November 24, 2025 Housing Update

A Cooling Market or a Quiet Shift?

It’s the week of Thanksgiving, but Pembroke Pines real estate isn’t taking time off. Instead, we’re seeing a shift, not just in pace, but in price. Sellers are blinking first, renters are gaining options, and buyers who’ve been waiting on the sidelines may want to step back in.

Here’s what this week’s numbers tell us.

Market Snapshot

• New Homes Listed in last 7 days: 52 (⬆️ up from last week 48)

• New Homes Under Contract in last 7 days: 28 (⬆️ up from 27)

• Median Days on Market: 54 (⬇️ down from 65)

• Median Price: $417,450 (⬇️ down from $495,000)

What the Numbers Mean

Buyers are slowly regaining control.

Inventory is rising, homes are still sitting (though a bit less than last week), and most notably prices just dropped nearly $78K in one week. That’s not a random dip; it’s sellers waking up to the market reality.

If you’ve been waiting for your moment to re enter, this might be it. You’ve got room to negotiate, and fewer buyers are competing as we head into the holiday season.

Mortgage Snapshot

Interest Rate: 6.39% (⬆️ up from 6.38%)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $417,450, with a 5% down payment ($20,873), your loan would be about $396,577

At a 6.39% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $2,478.

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

Rate changes are one thing, but this week, price movement had the bigger impact on affordability.

A lower median price pushed monthly costs down significantly. Even with rates holding in the mid 6s, a smart buyer today can land a monthly payment that was out of reach just weeks ago.

Bottom line: Don’t obsess over rates, focus on the deal.

Rental Snapshot

• New Rentals Listed in last 7 days: 46 (⬆️ up from 36)

• New Rentals Under Contract in last 7 days: 27 (⬆️ up from 20)

• Median Days on Market: 35 (⬇️ down from 51)

• Median Rent Price 

  • Single Family Homes: $3,373 or $2.05/sqft (⬇️ down from $3,750 or $2.39/sqft)

  • Condos/Townhouses: $1,850 or $1.87/sqft (⬇️ down from $2,000 or $2.08/sqft)

What it Means

Renters now have options and leverage.

With listings climbing and prices trending down, this is a good moment to shop smart. Days on market fell, but that’s likely due to well priced listings getting scooped up fast, not across the board demand.

Landlords are feeling it. If you’re listing a rental, don’t play the wait and see game price right, or risk sitting.

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