Week of 9/29/25 Housing Update

What’s Going on Out There?

Pembroke Pines just had one of the more dramatic weeks in recent memory and if you’re watching this market closely, you’ll know it’s not just noise.

New contracts jumped, prices dropped, and homes are sitting longer.

Buyers have more options, sellers are recalibrating, and the rental market is throwing its own curveballs.

Let’s dig in

Market Snapshot

• New Homes Listed in last 7 days: 60 (⬇️ down from 67)

• New Homes Under Contract in last 7 days: 47 (⬆️ up from 29)

• Median Days on Market: 63 (⬆️ up from 45)

• Median Price: $495,000 (⬇️ down from $515,000)

What the Numbers Mean

Buyers are getting pickier and more strategic.

They're not flooding into the market, but when the right listing hits at the right price, they're jumping.

Sellers who haven’t adjusted to current conditions are sitting and in many cases, having to cut.

More contracts with lower prices equals momentum shifting to value driven buyers.

Mortgage Snapshot

Interest Rate: 6.42% (⬆️ up from 6.34% last week)

So What Does That Actually Look Like? 

Let’s do the math:

At the current median price of $495,000, with a 5% down payment ($24,750), your loan would be about $470,250.

At a 6.42% interest rate, your estimated monthly mortgage payment (principal & interest only) would be around $2,957.

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

The rate ticked up slightly, but the drop in home prices made up the difference and then some.

Buyers who’ve been sidelined by affordability might want to re run their numbers this week.

There’s room to make a move, especially with sellers getting more flexible.

Rental Snapshot

• New Rentals Listed in last 7 days: 55 (⬆️ up from 54)

• New Rentals Under Contract in last 7 days: 38 (⬆️ up from 30)

• Median Days on Market: 35 (⬇️ down from 40)

• Median Rent Price 

  • Single Family Homes: $3,425 or $1.84/sqft (⬇️ down from $4,000 or $1.94/sqft)

  • Condos/Townhouses: $2,495 or $2.09/sqft (⬆️ up from $2,250 or $2.11/sqft)

What it Means

Renters are moving quicker, especially on well priced options, but the rental market is telling two very different stories:

• Single-family rents dropped sharply, both in price and $/sqft. That suggests landlords are having to come down to fill vacancies.

• Condos/townhouses saw rent increase, but interestingly, the price per square foot went down. Translation: renters are paying more overall, but getting more space for the money. That’s a signal of shifting preference or better product hitting the market.

For investors: this is the moment to track days on market and rental yield carefully.

Condo units may offer better short term returns but watch for supply shifts.

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