What does a Sold Score of 63 mean in Norfolk?

A Sold Score of **63/100** in Norfolk (May 2026) puts the market in the **"Good 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 0.62, inventory down +5.8% YoY, 62 median days on market, 35.4% of listings reducing price. Pending ratio carries 60% of the weight; inventory, days on market, and price reductions each contribute the remainder. — Live indicators (May 2026): Sold Score: 63/100 (Good Chance of Selling) · Pending ratio: 0.62 · Inventory YoY: -5.8% · Median days on market: 62 · Sellers cutting price: 35.4% · Median listing price: $318,675 (+6.3% YoY)