What does a Sold Score of 58 mean in Rapid City?

A Sold Score of **58/100** in Rapid City (July 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 0.40, inventory up +0.8% YoY, 50 median days on market, 25.3% of listings reducing price. Pending ratio carries 60% of the weight; inventory, days on market, and price reductions each contribute the remainder. — Live indicators (July 2026): Sold Score: 58/100 (Fair Chance of Selling) · Pending ratio: 0.40 · Inventory YoY: +0.8% · Median days on market: 50 · Sellers cutting price: 25.3% · Median listing price: $438,700 (-2.4% YoY)