What does a Sold Score of 69 mean in Hobbs?

A Sold Score of **69/100** in Hobbs (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 1.29, inventory up +55.1% YoY, 61 median days on market, 26.3% 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: 69/100 (Good Chance of Selling) · Pending ratio: 1.29 · Inventory YoY: +55.1% · Median days on market: 61 · Sellers cutting price: 26.3% · Median listing price: $295,000 (+27.3% YoY)