Listings on the MLS® will soon include new sale statuses to help REALTORS® and home buyers and sellers get a better sense of how far along they are in the lifecycle of a transaction.
These new statuses will be visible anywhere MLS® Listings are posted, from Paragon to Realtor.ca, starting in late May to early June 2024.
There will be 3 new statuses:
- Active Under Contract
This optional status will be used when a listing has an accepted offer with subjects.
- Pending
Replacing the current "SOLD" status, this status will be applied to listings that have an accepted subject-free offer, or once all subjects are removed.
- Closed
Listings will automatically move to this status at the end of their completion date.
We hope this update helps you better understand what is going on in our real estate system.
If you have any real estate-related questions, please don't hesitate to contact us.