What does Active, Bumpable, Pending, Withdrawn, Canceled, and Expired mean in Oregon real estate? RMLS codes each listing according to status:
Active: The property is on the market and does not have an accepted offer.
Bumpable: There is an accepted offer but it is contingent. If the seller gets an offer they would rather accept, the buyer that is bumpable usually has 24-72 hours to remove the contingency and proceed with the sale or the seller can accept the other offer. Read more.
Pending: There is an accepted offer. The seller cannot accept another offer. The best a second buyer can do is a back up offer in the hope that the sale fails.
Withdrawn: The listing is not on the market but the listing is still “owned” by the listing agent. The seller cannot list with another agent. The expectation is that the home will come back on the market or will expire soon.
Canceled: The home has been removed from the market and the seller is free to relist with another agent.
Expired: Listings all have an expiration date. When that day arrives, the listing expires and it may be relisted with another agent.