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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

When your home first hits the market, your listing agent will note that it’s “Active,” as in ready and available for showings — but there’s a lot of ground to cover before your agent lists the status as “Closed,” when you have a done deal and you’re ready to hand over the keys. In other words, “pending” is the next step after “contingent.”

MLS 87
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Contingent vs. Pending: Real Estate Lingo Explained

RIS Media

However, this is just the start with many things to do before the status changes to “Closed.” ” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” Not all sales will have contingencies with them, but most will.