Summer Kicks Off, Market Cools Down

New Season, New Pace

The first week of summer brought more than just heat — it also cooled down buyer and seller activity in Pembroke Pines.

School let out on June 3rd, and the market seemed to take a breather right alongside the kids

Market Snapshot

• New Homes Listed in last 7 days: 41 (⬇️ down from 56 last week)

• New Homes Under Contract in last 7 days: 22 (⬇️ down from 37 last week)

• Median Days on Market: 33 (⬆️ improved from 45 last week)

• Median Price: $442,500 (⬇️ slightly down from $449,900)

What the Numbers Mean

We’re seeing a classic early summer slowdown.

Families may be focused on travel, camps, or just adjusting to the new routine.

Fewer homes hit the market, and even fewer went under contract.

But it’s not all soft.

Homes that are priced right are moving faster, with median days on market dropping by nearly two weeks.

That suggests serious buyers are still out there, they’re just being selective.

Mortgage Snapshot

Interest Rate: 6.93%

So what does that actually look like in the real world?

Let’s break it down:

If you're buying a home at the median price of $442,500, and you're putting 5% down ($22,125), your loan amount would be around $420,375.

At 6.93%, your estimated monthly mortgage payment (principal & interest only) would be roughly $2,774.

That’s before taxes, insurance, and HOA fees — but it gives you a clear picture of what today’s rate means in your monthly budget.

What this Means

Buyers are still navigating high monthly payments, and it’s showing in the slowed pace.

But for those ready to act, this slight summer lull could offer more breathing room and less competition.

Sellers? Be strategic.

With fewer buyers actively shopping, pricing and presentation matter more than ever.

💡 Affordability Tip:

Even with rates at 6.93%, a small rate drop can save you hundreds per month. Many lenders now offer rate buydowns 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.