What's moving and what it costs

What’s new, what’s under contract, and what it’ll cost to get in the game.

Author

Mike Ugarte
April 07, 2025 • Estimated Reading Time: 3 minutes

Clarity in a Changing Market

Each week, I break down what’s happening in the Pembroke Pines real estate market:

  • How many homes are hitting the market

  • How fast they’re moving

  • What today’s rates mean for your monthly budget.

Whether you're planning to buy, sell, or just keeping a pulse on things, the goal is the same: help you move forward with confidence—not guesswork.

Let’s get into the numbers.

Market Snapshot

  • New Homes Listed in last 7 days: 72

  • New Homes Under Contract in last 7 days: 35

  • Median Days on Market: 35

  • Median Price: $450,000.00

💡 Pro Tip:

Watch how long homes are sitting. This week’s median was 35 days, but in a shifting market, time on market tells a story—not just about the property, but about seller motivation.

  • Homes priced right tend to move fast.

  • Homes lingering past the median? That’s where buyers may find negotiation leverage.

  • Sellers, take note too: the clock matters more than ever.

👉 Why it matters:

  • Inventory is rising across South Florida, and Pembroke Pines is no exception.

  • When more homes are listed than go under contract—like this week—it creates a subtle power shift. Buyers gain options.

  • Sellers must stand out. And everyone benefits from reading between the lines of market timing.

Mortgage Snapshot

Interest Rate: 6.64%

For example:

If you wanted to buy a home for: $450,000

Downpayment (5%): $22,500

Est. Monthly Mortgage payment: $2,742

💡 Pro Tip:

Even small shifts in interest rates can have a big impact on your monthly payment. At 6.64%, every $10,000 in purchase price adds about $60–$65/month to your payment.

👉 Why it matters: Understanding how rates affect your monthly cost helps you make smarter trade-offs—like choosing between a bigger home, a better location, or holding cash for renovations. The more clarity you have around the math, the more confident you’ll feel when it’s time to make an offer.

💬 Thinking about buying?
With the market moving quickly, all of our clients are already pre-approved and ready to make offers. If you’d like an intro to a trusted mortgage lender, just hit reply — I’m happy to connect you.