October 20, 2025 Housing Update

The Market Moves Fast

Pembroke Pines real estate had a cooler week overall, not necessarily a trend, but definitely a different tempo.

Contracts dipped, rentals slowed, and buyers got a small win with mortgage rates dropping back down.

Here’s what it all looks like in numbers.

Market Snapshot

• New Homes Listed in last 7 days: 56 (⬆️ up from last week 55)

• New Homes Under Contract in last 7 days: 32 (⬇️ down from 44)

• Median Days on Market: 50 (⬆️ up from 42)

• Median Price: $497,450 (⬇️ down from $517,500)

What the Numbers Mean

This week was all about inventory holding steady while buyer activity pulled back.

The jump in median days on market (from 42 to 50) says homes are sticking a bit longer possibly a sign that pricing or condition is outpacing buyer urgency.

Prices dipped slightly, but not meaningfully. This is more likely due to what went under contract (fewer higher end listings) than a price trend.

If you're selling, expect buyers to take their time because prep and price are everything right now.

If you're buying, this could be your chance to negotiate more than you could a month ago.

Mortgage Snapshot

Interest Rate: 6.35% (⬇️ down from 6.56%)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $497,450, with a 5% down payment ($24,872), your loan would be about $497,450.

At a 6.35% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $2,956.

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

A dip of 0.21% in mortgage rates may not sound like much, but it shaves off roughly $90/month on your mortgage payment for the median priced home. That’s a car payment over the course of a year.

With prices softening just a bit and fewer homes going under contract, buyers who’ve been waiting on affordability may finally feel the nudge. But keep in mind rates are still volatile. What’s available today may not be by next week.

Pro tip: Lock it when you like it. Lenders can float it if rates drop again, but you don’t want to lose a good number.

Rental Snapshot

• New Rentals Listed in last 7 days: 48 (⬇️ down from 56)

• New Rentals Under Contract in last 7 days: 29 (⬇️ down from 40)

• Median Days on Market: 47 (⬆️ up from 38)

• Median Rent Price 

  • Single Family Homes: $4,700 or $2.06/sqft (⬆️ up from $4,200 or $2.06/sqft)

  • Condos/Townhouses: $2,220 or $2.04/sqft (⬆️ up from $2,190 or $2.10/sqft)

What it Means

This week’s rental numbers show a slower pace across the board with fewer listings, fewer leases signed, and longer market times. This suggests that activity cooled off a bit compared to last week.

The jump in single family home rent (from $4,200 to $4,700) looks dramatic, but that’s likely a reflection of larger or higher end homes being listed, not a true spike in rental prices.

Per square foot pricing stayed flat. Same for condos and townhomes, the median rent ticked up slightly, but the price per square foot actually dipped, meaning more space was likely in the mix.

Bottom line: Rents didn’t surge, the inventory mix just shifted. This kind of week to week fluctuation is normal. If you’re a renter, keep an eye on listings that linger. If you’re a landlord, expect a bit more wait time to find the right tenant.

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