What does a Sold Score of 24 mean in Grand Rapids?

A Sold Score of **24/100** in Grand Rapids (August 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 0.23, inventory up +25.7% YoY, 57 median days on market, 35.4% of listings reducing price. Pending ratio carries 60% of the weight; inventory, days on market, and price reductions each contribute the remainder. — Live indicators (August 2026): Sold Score: 24/100 (Difficult Selling Environment) · Pending ratio: 0.23 · Inventory YoY: +25.7% · Median days on market: 57 · Sellers cutting price: 35.4% · Median listing price: $352,500 (-3.4% YoY)