What does a Sold Score of 33 mean in Memphis?

A Sold Score of **33/100** in Memphis (May 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 0.38, inventory up +16.2% YoY, 58 median days on market, 39.5% of listings reducing price. Pending ratio carries 60% of the weight; inventory, days on market, and price reductions each contribute the remainder. — Live indicators (May 2026): Sold Score: 33/100 (Challenging Market Conditions) · Pending ratio: 0.38 · Inventory YoY: +16.2% · Median days on market: 58 · Sellers cutting price: 39.5% · Median listing price: $302,500 (-12.9% YoY)