What does a Sold Score of 48 mean in Ludington?

A Sold Score of **48/100** in Ludington (August 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 0.36, inventory up +3.4% YoY, 65 median days on market, 39.3% of listings reducing price. Pending ratio carries 60% of the weight; inventory, days on market, and price reductions each contribute the remainder. — Live indicators (August 2026): Sold Score: 48/100 (Fair Chance of Selling) · Pending ratio: 0.36 · Inventory YoY: +3.4% · Median days on market: 65 · Sellers cutting price: 39.3% · Median listing price: $355,000 (+1.4% YoY)