There are 10 MLS Listing Status Codes in effect. These will vary from region to region in the United States, so check with your local Multiple Listing Service (MLS) for the full list for your region, however, this list is a great starting point to learn about the various status codes for real estate, whether it’s RE1 (Single Family), RE2 (Condo, Villa, Townhouse), or RNT (Residential Rental) – even COM (Improved Commercial & Industrial) uses these same MLS status codes.
The seller/lessor is soliciting offers through the MLS. No offer (with or without Contingencies) has been accepted. The days on market count continues during this period.
B: Backup Contract
The seller/lessor is soliciting back-up offer(s) through the MLS. The seller/lessor has accepted a contingent offer. A second offer would be a back-up offer and would become the accepted offer only if and when the first agreement is canceled.
The seller/lessor is not soliciting offers through the MLS. The seller/lessor and broker have canceled the existing listing contract.
CS: Closed Sale
The seller is not soliciting offers through the MLS. The escrow has closed.
PS: Pending Sale
This status means that the home is under contract and the buyer can no longer walk out of the contract on the building inspection results. While pending, a home will no longer be shown. Days on market count is suspended during this period. If the listing is reactivated if the contract falls apart, all of the days on market to date are picked up and applied to the listing.
Used when the listing agreement between the owner and the listing agent is terminated prior to the listing expiration date.
The lessor is not soliciting offers through the MLS. A lease agreement is in effect.
T: Temporarily Off the Market
This status is to be used on a short term basis for a home listing that needs to out of the MLS briefly. This could be due to a need for a repair or because the seller has some improvements that are needed based on feedback from showing agents. The home will not be shown during this period. Days on market count is suspended during this period. It resumes when the home listing is activated again.
The Seller/Lessor is not soliciting offers through the MLS. The property is not available for showing but the listing contract between the Seller/Lessor and the Broker remains in effect until its expiration date.
The Seller/Lessor is not soliciting offers through the MLS. The time frame of the existing listing contract has run out.