What does pending status mean in real estate?

If you are viewing a home that has a pending status, what you are viewing is a home that has accepted an offer from a buyer, but the deal has not closed yet, thus the pending status. This means that the seller and the buyer through negotiations with a real estate agent or agents, have agreed on a term that is acceptable for both parties. A pending real estate listing means you are no longer active and prevents other potential buyers from making an offer to buy.