There is no penalty for inaccuracies of listings. This is a prime example. This property is available for sale as a short sale. Work with a buyer's agent familiar with short sales to help you obtain your goal of home ownership for the least stress and aggravation, with the best price and terms.
Good luck me! :)
In respect to the property in question, that may be an error on the Trulia side, for some reason the status is incorrect (entry error?) Metrolist our local MLS shows the property as Active Short Sale, had an offer but appears buyer may have backed out. It is best to search at the site closest to the source of the data (in this case Metrolist) as "things" can get lost in the translation. Have your agent set up a search for you.
Metrolist defines off market as still having an active listing contract, but not on market for some reason. Sometimes it is something like there is work being done at the house, the owners/tenants are moving out, the owners are sick, around the holidays they don't want showings, a variety of reasons.
But the property you've asked about does not show a history of off market on the current listing.
Good price for all that square footage in College Greens. Many nice homes listed there around that price.
If you note the date on Trulia, it looks like it was "Off Market" in 2007--or maybe the public view on Trulia is different than what we see. It is currently available for purchase as a short sale. There are different categories on the Metrolist, and "off market" is one of them. It simply means the home is not available for showings, or theoretically not available for purchase--at least via the Metrolist.
Hope all our answers help!
During this time, the seller generally doesn't want any viewing to occur.