October 13, 2025 Housing Update

Prices Dip, But So Do Listings

It’s mid October and the Pembroke Pines market just hit a cooler pocket.

Fewer new listings, softer prices, and slightly less buyer activity but not by much.

With mortgage rates creeping up again and sellers adjusting expectations, we may be entering that pre holiday slowdown phase.

But don’t let that fool you.

Demand is still very real, especially for rentals.

Market Snapshot

• New Homes Listed in last 7 days: 55 (⬇️ down from last week 60)

• New Homes Under Contract in last 7 days: 44 (⬇️ down from 45)

• Median Days on Market: 42 (⬇️ down from 49)

• Median Price: $517,500 (⬇️ down from $539,500)

What the Numbers Mean

Sellers are blinking first.

That drop in median price isn’t dramatic, but it’s meaningful especially paired with fewer listings and less urgency from buyers.

The homes that are moving?

They’re priced to reflect where the market is, not where it was in May.

If you're listing right now, you need to meet the moment.

If you’re buying, this is the window where sellers are more open to negotiation.

Mortgage Snapshot

Interest Rate: 6.46% ⬆️ up from 6.40%)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $517,500, with a 5% down payment ($25,875), your loan would be about $491,625.

At a 6.46% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $3,093.

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

Every fraction of a percent matters.

That $3,093/month payment could climb another $100+ with even a minor bump in rates.

Locking in now might be the safer long play, especially if home prices stabilize or rise again after the holidays.

Rental Snapshot

• New Rentals Listed in last 7 days: 56 (⬇️ down from 66)

• New Rentals Under Contract in last 7 days: 40 (⬆️ up from 39)

• Median Days on Market: 38(⬆️ up from 29)

• Median Rent Price 

  • Single Family Homes: $4,200 or $2.06/sqft (⬆️ up from $3,425 or $2.09/sqft)

  • Condos/Townhouses: $2,190 or $2.10/sqft (⬇️ down from $2,300 or $2.20/sqft)

What it Means

Renters are making moves especially those who want to settle in before the holidays.

The spike in single family rent is real and reflects strong demand in that segment.

But the condo/townhome market?

It’s cooling a bit.

If you’re flexible, there’s opportunity in that lower tier.

If you’re a landlord, pricing strategy matters more than ever right now especially if you're trying to avoid extended vacancy.

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