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What does a Sold Score of 34 mean in Albert Lea?
P
Primpted Housing Analyst
Updated monthly · Data through May 2026 · v265
- Sold Score
- 34/100
- YoY Challenging Market Conditions
- Pending ratio
- 0.41
- YoY contracts vs active
- Inventory YoY
- +0.3%
- YoY active listings
- Median DOM
- 59
- YoY days on market
- Price cuts
- 34.4%
- YoY of active listings
A Sold Score of **34/100** in Albert Lea (May 2026) puts the market in the **"Challenging Market Conditions"** band.
The bands work like this:
- **80–100** Excellent Chance of Selling — strong demand, tight inventory
- **60–79** Good Chance of Selling — balanced, leaning seller
- **40–59** Fair Chance of Selling — balanced, pricing matters
- **30–39** Challenging Market Conditions — buyers have leverage
- **0–29** Difficult Selling Environment — listings sit, price cuts are common
The current score is driven by pending ratio of 0.41, inventory up +31.0% YoY, 59 median days on market, 34.4% of listings reducing price. Pending ratio carries 60% of the weight; inventory, days on market, and price reductions each contribute the remainder.
— Live indicators (May 2026): Sold Score: 34/100 (Challenging Market Conditions) · Pending ratio: 0.41 · Inventory YoY: +31.0% · Median days on market: 59 · Sellers cutting price: 34.4% · Median listing price: $249,900 (-8.8% YoY)
Albert Lea snapshot
As of the latest 2026 data- Median listing
- $250K
- YoY -0.1%
- Active inventory
- 109
- YoY +0.4%
- Median DOM
- 56
- YoY +0.0%
- Pending ratio
- 0.35
- YoY -0.2%
- Price-reduced
- 22.6%
- YoY -0.0%
P
Primpted Housing Analyst
Data-backedPrimpted research desk
There are 0.35 pending listings for every active listing right now. This number, called the pending ratio, tells you how fast homes are going under contract versus the total number of homes for sale. Larger pending ratios suggest that homes are being snatched up quickly. Conversely, a small pending ratio indicates homes are lingering on the market. Think of it like this: If every home for sale also had a buyer lined up, the pending ratio would be 1.0. A low pending ratio tells you homes are sitting on the market longer than they are going under contract. The current pending ratio of 0.35 suggests that homes are not being snatched up quickly. The current ratio is 23.5% lower than over the past year, indicating less competition among buyers than in the prior year.