Week of 10/06/25 Housing Update

Buyers are Jumping In?

After a sluggish summer, Pembroke Pines is starting to see some sharper moves especially in pricing.

With days on market dropping and both buyers and renters actively making moves, October’s off to a more dynamic start than expected.

Here’s what the latest numbers show across sales, mortgages, and rentals.

Let’s dig in

Market Snapshot

• New Homes Listed in last 7 days: 60 (↔️ same as last week 60)

• New Homes Under Contract in last 7 days: 45 (⬇️ down from 47)

• Median Days on Market: 49 (⬇️ down from 63)

• Median Price: $539,100 (⬆️ up from $495,000)

What the Numbers Mean

That median price jump is no fluke, buyers are chasing limited inventory, and sellers who waited out the summer are getting rewarded.

The big drop in days on market (from 63 to 49) tells us homes are moving faster again, even with interest rates still hovering around 6.4%.

If you’re a buyer, expect more competition on move in ready homes.

If you’re a seller, now might be your moment, especially if you’ve been sitting on the sidelines waiting for momentum.

Mortgage Snapshot

Interest Rate: 6.40% ⬇️ slightly down from 6.42%)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $539,100, with a 5% down payment ($27,050), your loan would be about $512,050.

At a 6.40% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $3,202.

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

Even with higher prices, the slight dip in interest rates helps cushion the blow but only slightly.

A $539K home with 5% down means over $3,200/month just in principal and interest. 

Add taxes and insurance and you're easily over $4,000/month.

The key takeaway: Buyers need strong income or creative strategies (bigger down payments, rate buydowns, or multi family setups) to make it pencil out.

Rental Snapshot

• New Rentals Listed in last 7 days: 66 (⬆️ up from 55)

• New Rentals Under Contract in last 7 days: 39 (⬆️ up from 38)

• Median Days on Market: 29 (⬇️ down from 35)

• Median Rent Price 

  • Single Family Homes: $3,575 or $2.09/sqft (⬆️ up from $3,425 or $1.84/sqft)

  • Condos/Townhouses: $2,300 or $2.20/sqft (⬇️ down from $2,495 or $2.09/sqft)

What it Means

The rental market’s starting to show signs of softening with more listings, faster leases, and mixed pricing trends.

Single family homes are getting more expensive, but condos and townhomes just dropped in both total rent and price per square foot.

If you’re a renter, you might have a bit more negotiating room in the condo/townhome market.

If you’re a landlord, now’s the time to tighten up your marketing and stay sharp on pricing as renters have options.

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