What does a Sold Score of 46 mean in Morristown?

A Sold Score of **46/100** in Morristown (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 0.37, inventory up +1.4% YoY, 70 median days on market, 50.4% 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: 46/100 (Fair Chance of Selling) · Pending ratio: 0.37 · Inventory YoY: +1.4% · Median days on market: 70 · Sellers cutting price: 50.4% · Median listing price: $479,000 (+6.5% YoY)