What does a Sold Score of 61 mean in Traverse City?

A Sold Score of **61/100** in Traverse City (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 0.47, inventory down +6.6% YoY, 37 median days on market, 29.6% 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: 61/100 (Good Chance of Selling) · Pending ratio: 0.47 · Inventory YoY: -6.6% · Median days on market: 37 · Sellers cutting price: 29.6% · Median listing price: $567,875 (+3.3% YoY)