September 1st, 2025 Housing Update

The Market’s Cooling Off, But That Might Be Good News

This past week in Pembroke Pines, the housing market didn’t just slow down, it exhaled.

Whether it’s the holiday weekend or just classic late summer fatigue, fewer homes hit the market, fewer went under contract, and the median days on market ticked way up.

But here’s the twist: prices are finally coming down and interest rates dipped too.

Let’s dig into the data.

Market Snapshot

• New Homes Listed in last 7 days: 53 (⬇️ down from 56)

• New Homes Under Contract in last 7 days: 27 (⬇️ down from 37)

• Median Days on Market: 53 (⬇️ down from 67 days)

• Median Price: $475,000 (⬇️ down from $598,999)

What the Numbers Mean

Listings are slowing down, but buyers are pulling back even faster and that's a signal.

The fall slowdown is here early, and sellers who need to move are starting to cut prices.

If you’re a buyer, this could be your chance to negotiate.

If you're a seller, know that overpricing right now is a fast track to going stale.

Mortgage Snapshot

Interest Rate: 6.61% (⬇️ down from 6.70% last week)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $475,000, with a 5% down payment ($23,750), your loan would be about $451,250.

At a 6.61% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $2,892.

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

For buyers, this is a small but real affordability win.

Lower prices and a lower rate don’t usually show up at the same time even if it’s modest, this is the kind of movement that can make a difference.

Lock in a rate now, and you might catch the bottom of this dip.

💡 Affordability Tip:

Even with rates at 6.61%, a small rate drop can save you hundreds per month.

Many lenders now offer rate buy downs or credits. Don’t skip the conversation.

👉 Buyer Tip: Get pre-approved before you shop. Knowing your monthly budget makes it easier to jump when the right home hits the market.

Ready to run the numbers on you ideal home?

Schedule a quick call with me here and I’ll connect you with a local lender who can show you exactly what’s possible in today’s market.