What does a Sold Score of 40 mean in Madison?

A Sold Score of **40/100** in Madison (August 2026) puts the market in the **"Challenging Market Conditions"** 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 +35.6% YoY, 65 median days on market, 30.5% 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: 40/100 (Challenging Market Conditions) · Pending ratio: 0.36 · Inventory YoY: +35.6% · Median days on market: 65 · Sellers cutting price: 30.5% · Median listing price: $324,900 (-3.4% YoY)