What does a Sold Score of 31 mean in New Orleans-Metairie?

A Sold Score of **31/100** in New Orleans-Metairie (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 0.27, inventory up +1.0% YoY, 67 median days on market, 28.2% 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: 31/100 (Challenging Market Conditions) · Pending ratio: 0.27 · Inventory YoY: +1.0% · Median days on market: 67 · Sellers cutting price: 28.2% · Median listing price: $299,000 (-8.0% YoY)