contingent means that the seller has accepted the offer from a buyer.
pending means that the seller has accepted the offer from a buyer and that escrow has started.
Don’t confuse designations by the association. contingent means contingent. active means active. pending means pending. It is not that hard to figure out.
Any transaction could go back to active. A pending listing can go to active. A contingent listing can go back to active. A withdrawn listing can go back to active.
There is nothing at all misleading about the data he presented. The ratios he stated were absolutely correct. However he cannot look into the future and tell you exactly how many contingents and pendings will go back to active. Nor can he tell you how many actives that are active today will pull out of the market and not be active anymore.
Interpret the data however you want to interpret the data. Don’t try to say that there is a misleading element to what was presented. It does not matter what is distressed and what is not distressed.
What is active at the moment is active at the moment. Tomorrow there may be more actives and there may be less actives. Some of the contingents will go back to active, some of the pendings will go back to active and some of the current actives will go to a different state as well.
