What does a Sold Score of 62 mean in Faribault-Northfield?

A Sold Score of **62/100** in Faribault-Northfield (May 2026) puts the market in the **"Good 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 0.75, inventory up +25.2% YoY, 39 median days on market, 32.8% 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: 62/100 (Good Chance of Selling) · Pending ratio: 0.75 · Inventory YoY: +25.2% · Median days on market: 39 · Sellers cutting price: 32.8% · Median listing price: $423,090 (-0.4% YoY)