What does a Sold Score of 48 mean in Morristown?

A Sold Score of **48/100** in Morristown (May 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 0.51, inventory up +5.8% YoY, 59 median days on market, 47.2% 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: 48/100 (Fair Chance of Selling) · Pending ratio: 0.51 · Inventory YoY: +5.8% · Median days on market: 59 · Sellers cutting price: 47.2% · Median listing price: $459,000 (-5.1% YoY)