Understanding MLS status codes

Every MLS listing has a status indicator so the viewer can determine market status of the listing. 

status.jpg

The status indicator is a field labeled STAT: I’ll list the possibilities below; glue these onto your secret decoder ring.

  • ACTV - Active; on the market.
  • BOMK – Back on the market. A listing has expired, but has been reactivated via a newly-signed listing agreement with the same selling broker/agent.
  • CANC - Cancelled. Property is off the market.
  • CLSD - Sold. Now we can discover the selling price.
  • CTG - Under contract with contingencies. Almost all purchase contracts have contingencies; some are time-limited; all contingencies must be cleared or removed before the sale can close. Here are the common contingencies:
    • A/I – Attorney approval, home inspection.
    • FIN – Financing. This contingency is cleared when the buyer’s lender provides a written, unconditional mortgage commitment.
    • HS or HC – Contract is subject to sale of buyer’s home i.e. “I’ll buy your house as soon as I sell my house.” HC indicates the buyer’s home is already contracted to sell, but has not yet closed i.e. “I have a buyer for my house, and I’ll buy your house as soon as my sale closes.”
    • CTGO – Other miscellaneous contingency.
    • Technically, a CTG listing is still on the market and can be shown if the seller desires.
  • EXP – Expired; off the market.
  • PCHG – Price change. Note that not all prices go down. Sometimes sellers will play the price change game, hoping to generate activity. Any Realtor with local MLS access can view the listing history for their buyer client and expose these games.
  • PEND – Under contract with no contingencies; contingencies have been removed. We do not know what the selling price will be, as this is not revealed until closing. Listings that are pending are considered “not active” and showings are usually suspended.
  • RACT – The contract fell through and the listing is active again.
  • TEMP – Temporarily off-market. The listing is still valid, but showings are suspended. Sellers suspend listings for all kinds of reasons; storm damage, for example, may trigger a suspension until repairs are complete.

With a little practice, these codes will be familiar to you.

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One Response

  1. Tampa Bay Home Inspection Company QCI, Inc.

    Tampa Bay Home Inspections. New problems with Sulfur in drywall from China.
    It has been reported that drywall imported between 2004-2006 from certain areas in China, can release sulfur-like odorous components. These compounds can corrode air conditioning coils and other copper-bearing materials, causing them to be replaced repeatedly. It has been determined that the problem is related to presence of iron disulfide. There have been reports that large quantities of drywall produced in China were kept on sea barges for months awaiting permission for importation to the USA. This drywall has a higher than typical density and a higher propensity to off-gas sulfur compounds.

    Drywall is usually made of gypsum (hydrated calcium sulfate). Therefore, sulfur is one of the main components present in the sample. All drywall has sulfur in its elemental composition; therefore the odor is not explained by an analysis of the total sulfur content.

    Tampa Bay Home Inspections.Offers our expert opion or questions on this matter. The extent of the indoor air quality issues related to this is still unclear. EPA is currently investigating the severity of the problem. However, it is well known that exposure to sulfur compounds can create irritation and breathing disorders. Also Sulfar has been damaging aircondition unit coils. This damage can ruin an A/C unit in as little as 6 months. Contact us at quality.check@verizon.net

    Drywall may be to blame for homeowners’ illness
    Sunday, January 18, 2009
    Questions about Home Inspection Services.

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