What do the Different Listing Statuses Mean?

Listing Status: Overview

Listing statuses in real estate indicate the current phase of a property in the buying or selling process. Common statuses include Active (available for sale), Pending/Contingent (under contract but not yet closed), and Sold (ownership transferred). Other statuses like Off Market, Expired, or Coming Soon signal changes in the property's availability or marketing strategy. Here’s a breakdown of the most common statuses:

1. Active

• The property is currently available for sale or rent.
• No offer has been accepted yet, or if offers are received, they haven't been finalized.
• The seller is actively marketing the property.

2. Pending

• The property is under contract, meaning an offer has been accepted, but the sale hasn't closed yet.
• Typically pending properties are no longer available for showings or offers.
• Subcategories can include:
  • Pending: Continue to Show: Backup offers may still be accepted.
  • Pending: No Showings: All contingencies have likely been met, and no further offers are being entertained.

3. Contingent

• The seller has accepted an offer, but certain conditions (contingencies) need to be met for the sale to proceed.
• Common contingencies include:
  • Financing approval.
  • Home inspection.
  • Appraisal.
• The property might still be shown to potential buyers for backup offers.

4. Sold (or Closed)

• The sale is complete, and ownership has officially transferred to the buyer.
• The property is no longer on the market.

5. Off Market

• The property is no longer actively listed for sale, but the reasons vary:
  • The seller has temporarily withdrawn the listing.
  • The property was taken off the market without selling.
  • A previous listing agreement may have expired.

6. Expired

• The listing agreement between the seller and the agent has expired without a sale.
• The seller may choose to relist the property or withdraw it from the market.

7. Withdrawn

• The seller has removed the property from the market before the listing agreement expired.
• The property may or may not be relisted later.

8. Coming Soon

• The property will soon be available for showings or offers but is not yet fully active.
• Used as a pre-marketing strategy to generate interest.

9. Under Contract

• Similar to "Pending," an offer has been accepted, but the sale hasn’t closed.
• Sometimes used interchangeably with "Pending" or "Contingent."

10. Cancelled

• The listing agreement has been terminated by the seller or agent before the listing period ended.
• The property is no longer being marketed.

11. For Rent

• Indicates that the property is available for lease instead of sale.