Selling0 views · 2 answers

What does a Sold Score of 59 mean in Alpena?

P

Primpted Housing Analyst

Updated monthly · Data through May 2026 · v265

Data-backed
Sold Score
59/100
YoY Fair Chance of Selling
Pending ratio
0.73
YoY contracts vs active
Inventory YoY
+0.3%
YoY active listings
Median DOM
27
YoY days on market
Price cuts
42.9%
YoY of active listings
A Sold Score of **59/100** in Alpena (May 2026) puts the market in the **"Fair Chance of Selling"** 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 0.73, inventory up +30.2% YoY, 27 median days on market, 42.9% 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: 59/100 (Fair Chance of Selling) · Pending ratio: 0.73 · Inventory YoY: +30.2% · Median days on market: 27 · Sellers cutting price: 42.9% · Median listing price: $269,900 (+17.7% YoY)

Alpena snapshot

As of the latest 2026 data
Median listing
$270K
YoY +0.2%
Active inventory
77
YoY +0.3%
Median DOM
34
YoY +0.0%
Pending ratio
0.49
YoY -0.1%
Price-reduced
26.6%
YoY +0.1%
P

Primpted Housing Analyst

Data-backed

Primpted research desk

In Alpena, homes are selling very quickly. This means many buyers are trying to purchase homes as soon as they become available. That usually means there's a lot of demand but not enough homes for sale. The median listing price right now is $269,900, which is up quite a bit—almost 20% from the previous month. Compared to last year, prices are up by a solid 17.7%. Even with prices going up, homes are selling fast. They only stay on the market for an average of 34 days, which is pretty much the same as last year. There are 77 homes for sale right now, and that's 26.5% more than there were last year. However, fewer homes are going under contract, with pending listings at 38, making the pending ratio 0.49, which is down 6.3% from last year. If you're looking to buy in Alpena, be ready to act fast and potentially face competition for homes that fit your needs.

Related questions