You might see a real estate for sale listing marked as Pending or Under Contract or even Active Under Contract. What’s the difference? As we’ll discuss in-depth in the following article, the answer actually depends quite a bit on which state the listing is in.
For example, in New York you might see Pending or In-Contract depending on which website or MLS you visit, but they all mean the same thing. In New York, these are all synonyms for the listing having a signed contract in place, without elaborating further on whether any contingencies are outstanding.
In contrast, in other states like Florida, listings that have a signed contract will differentiate between Under Contract vs Pending, with the former generally meaning the buyer still has contingencies and the latter meaning all contingencies have expired.