June 20, 2008
NWMLS Listing Status Changes Starting June 24th
On June 24th the NWMLS is replacing the property status “Active STI” ( subject to inspection) with a different name and has added two more status designations.
Pending Inspection: signed Purchase and Sale Agreement and has an inspection scheduled. Was formerly “Active STI” (subject to inspection)
Pending Feasibility: purchase and sale agreement is signed pending a feasibility study
Pending BU Requested: purchase and sale agreement is signed but the seller would like to receive back up offers
After June 24th, you won’t find Active STI listings on any websites since they will be considered off market and not part of the NWMLS Standard IDX feed.
All pending statuses are considered off-market and will:
- not accrue market time.
- be included in the Pending section of the NWMLS monthly published statistics.
- not be included in the NWMLS Standard IDX feed and cannot be displayed on a web site
Roy said:
Wonder whether this is meant to reduce time on market stats. Seems like they’re still on market (and should be in MLS), especially “Pending BU Requested.” The added granularity makes sense though.
June 22, 2008 10:00 PM
marie.hagman said:
I agree, it would be helpful to have Pendign BU’s listed on Redfin so people can find them and make back up offers!
When house hungint I used to watch the Active STI’s since often the buyer would back out at that point.
June 23, 2008 7:54 AM