The housing market in Pembroke Pines continues to see strong price appreciation, with values up 17.0% compared to last year. Home prices have decreased 5.1% in the past month. With 887 active listings, inventory is 57% higher than seasonal norms. Homes are taking about 78 days to sell, which is 26 days longer than this time last year. Only 10.6% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Pembroke Pines market with the affordability index at 17.1. Current trends suggest further price adjustments may occur as the market continues to favor buyers.
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