In our MLS, regional MLS Florida, SOLD means closed and you can see the date closed, the sale amount and if it was cash or financed. Here are the steps. When a contract is signed, MLS reflects CONTINGENT This means that there are contingencies on a contract, they can be financing, inspection of the property, it can be contingent on sale of another property, anything you are waiting for to happen. Once all contingencies are removed the property becomes PENDING. It literally emans pending sale, we are now waiting for the date of closing.
Hope this clears things up for you!
Coldwell Banker Residential