November 3, 2025 Housing Update

Quiet Week, Big Moves

The market just pulled a classic Pembroke Pines move: fewer homes listed, fewer homes sold but a huge drop in median price. At first glance, it looks like buyers are winning. But a closer look says… maybe not.

Let’s break it down.

Market Snapshot

• New Homes Listed in last 7 days: 68 (⬆️ up from last week 50)

• New Homes Under Contract in last 7 days: 31 (⬇️ down from 38)

• Median Days on Market: 78 (⬆️ up from 38)

• Median Price: $419,000 (⬇️ down from $469,950)

What the Numbers Mean

This market is cooling off fast. We saw more listings hit the market, but fewer buyers making moves, and homes are sitting much longer than they were just a week ago.

The dramatic drop in median price suggests that sellers are finally blinking first. Whether it’s due to stale inventory or more entry level homes hitting the market, the message is clear: pricing power is shifting.

For buyers, this creates leverage.

For sellers, it’s a wake up call to get realistic or risk getting ignored.

Mortgage Snapshot

Interest Rate: 6.31% (⬆️ up from 6.27%)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $419,000, with a 5% down payment ($20,950), your loan would be about $398,050.

At a 6.31% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $2,467.

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

Interest rates ticked up slightly, but even a small increase keeps monthly payments high enough to stretch affordability. That monthly payment on a median priced home is still steep and for many buyers, it’s higher than rent. Until rates come down meaningfully, the real estate math just won’t work for everyone. This is one of the biggest reasons demand is cooling, despite prices dropping.

Rental Snapshot

• New Rentals Listed in last 7 days: 52 (⬆️ up from 44)

• New Rentals Under Contract in last 7 days: 45 (⬆️ up from 28)

• Median Days on Market: 41 (⬆️ up from 23)

• Median Rent Price 

  • Single Family Homes: $4000 or $2.13/sqft (⬆️ up from $3750 or $2.16/sqft)

  • Condos/Townhouses: $2,494 or $2.20/sqft (⬇️ down from $2,547 or $2.05/sqft)

What it Means

The rental market is moving and fast. More listings came up, more renters signed leases, and prices for single family homes continued climbing. Even with a slight slowdown in condo pricing, the cost per square foot actually rose, showing strength in demand.

For renters, it’s still cheaper in many cases than buying.

For landlords, this is a strong position: high rents, solid demand, and less turnover than the sales side.

Investors paying attention to this shift are well positioned to take advantage.

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