05/15/2026
🏡 South Florida's Pembroke Pines, City-Wide Housing Market Update
Presented by the Chenore Group and CMV Realty
Here’s a snapshot of what’s happening across the local housing market right now based on current MLS activity:
📊 Current Market Snapshot
🔹 Active Listings
* 221 homes currently for sale
* Median List Price: $729,000
* Average List Price: $760,139
* Median Home Size: 2,087 Sq Ft
* Average Days on Market: 48 days
💡 Inventory remains active, but buyers are becoming more selective. Homes that are priced correctly and marketed properly are still attracting strong attention.
🔹 Pending Sales
* 61 homes currently under contract
* Median Pending Price: $630,000
* Average Pending Price: $671,651
* Median Days to Contract: 22 days
🔥 The best-positioned homes are still moving quickly, especially properties that show well and enter the market at realistic pricing.
🔹 Closed Sales
* 234 homes successfully sold
* Median Sold Price: $657,500
* Average Sold Price: $696,445
* Median Price Per Sq Ft: $340
* Average Days on Market: 55 days
* Sellers received an average of 97.6% of asking price
📈 The market continues to show stability with strong buyer demand, although negotiations and strategic pricing are playing a much larger role than they did during the peak frenzy years.
🔹 Expired Listings
* 51 homes failed to sell
* Median List Price of Expired Homes: $713,000
* Average Time on Market Before Expiring: 164 days
⚠️ One of the clearest trends right now is that homes missing the mark on pricing, preparation, or marketing are sitting longer and ultimately failing to sell.
📌 What This Means for Buyers
✔ More inventory means more opportunities
✔ Negotiating leverage has improved
✔ Smart guidance matters more than ever
📌 What This Means for Sellers
✔ Serious buyers are still very active
✔ First impressions are critical
✔ Strategic pricing and exposure drive results
In today’s market, the difference between “listed” and “sold” often comes down to preparation, positioning, and professional representation.
🏠 Overall Market Takeaway
South Florida real estate continues to demonstrate long-term strength and resilience. While the pace has normalized compared to previous years, property values remain supported by continued demand, limited long-term inventory, and ongoing migration into Florida.
For over 30 years, The Chenore Group and CMV Realty have helped buyers and sellers navigate changing markets with experienced guidance, strategic marketing, and proven results throughout South Florida.
🔥 Here’s the question most homeowners are asking right now:
“If buyers are still paying nearly 98% of asking price… what could my home realistically sell for in today’s market?”
The answer may surprise you.
