What does a Sold Score of 20 mean in Espanola?

A Sold Score of **20/100** in Espanola (May 2026) puts the market in the **"Difficult Selling Environment"** 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 0.17, inventory up +14.7% YoY, 91 median days on market, 22.0% 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: 20/100 (Difficult Selling Environment) · Pending ratio: 0.17 · Inventory YoY: +14.7% · Median days on market: 91 · Sellers cutting price: 22.0% · Median listing price: $420,000 (-15.8% YoY)