Please keep in mind that most listing status changes must be made within three (3) business days of the date the status change occurs, with the exception of listings which are Canceled (change within 24 hours) and listings which are Sold (change within 5 business days).
Active – The listing is available for sale or lease and no offers (with or without contingencies) have been accepted. A listing in the “Active” status must be available for showings within a reasonable period of time (which generally means within four business days) after the listing has been placed in the Active status. This is an on-market status, and Days on Market (“DOM”) will accumulate.
Active T/C – The listing is under contract with an accepted offer, but a “Time Clause” addendum is in place and the buyer and seller agree that the property is to remain on-market so that additional offers may be solicited. This is an on-market status and DOM will accumulate.
Backup – The seller has accepted an offer on the listing, but the seller requests that the property remain on-market to solicit additional, back-up offers. This is an on-market status and DOM will accumulate.
Under Contract – The listing is under contract with an accepted offer. This is an off-market status and DOM will not accumulate.
Off Market – The listing is temporarily not available for showings per the seller’s request. However, a valid listing agreement is in effect.
- Note: When in the Off Market status, DOM will not accumulate, photos are not required, and the listing will not be visible on UtahRealEstate.com or any IDX or syndication websites.
Withdrawn – A valid listing agreement is in effect, however, the seller and listing broker have agreed to withdraw the listing from being marketed through the MLS.
Canceled – The listing agreement has been terminated prior to the expiration date specified in the listing agreement.
Expired – The termination date of the listing agreement has passed, and a valid listing agreement for this listing is no longer in effect.
Sold – The listing has sold and title to the property has transferred from the seller to the buyer.
Leased – The listing has been leased.
Today’s Homebuyers Want Lower Prices. Sellers Disagree.
Today’s Homebuyers Want Lower Prices. Sellers Disagree.Utah Single Family Inventory has risen from 5775 to 5940 from April 5th to April 16th.Utah County Single Family Inventory April 5th was 1401, April 16th up a little to 1466Salt Lake County Single Family Home...
Think This Is a Housing Crisis? Think Again.
Think This Is a Housing Crisis? Think Again.With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it's logical to...
What If I Need to Sell My Home Now? What Can I Do?
What If I Need to Sell My Home Now? What Can I Do?Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major life change recently, whether with your job or your family situation, you may be in...
Recession? Yes. Housing Crash? No.
Recession? Yes. Housing Crash? No.With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate...
More than half of homes in America have at least 50% equity. Wondering how much equity you have? Let’s connect.
What You Can Do to Get Your House Ready to Sell
What You Can Do to Get Your House Ready to Sell Some Highlights: Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store. Your real estate plans don’t have to be completely on hold even while we’ve hit the...
Why Home Office Space Is More Desirable Than Ever
Why Home Office Space Is More Desirable Than EverFor years, we’ve all heard about the most desirable home features buyers are looking for, from upgraded kitchens to remodeled bathrooms, master suites, and more. The latest on the hotlist, however, might surprise...
Will Surging Unemployment Crush Home Sales?
Will Surging Unemployment Crush Home Sales?Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many...
Auto DraftWhy Pre Approval Is a Great Step to Take Today
Why Pre Approval Is a Great Step to Take Today If you’re in the position to buy a home this year, pre-approval is something you can still do right now to get ahead in the homebuying process. Let’s connect to talk about your goals for 2020.
The Housing Market Is Positioned to Help the Economy Recover
The Housing Market Is Positioned to Help the Economy RecoverSome HighlightsExpert insights are painting a bright future for housing when the economy bounces back – and it will.We may be facing challenging economic times today, but the housing market is poised to help...