What does it mean when a short sale home is "contingent" or "under contract-contingent"?

We already own a home... but with the real estate market being what it is right now we are "looking" at possibly renting our home out, and buying another home- since its a buyers market right now. We found a home, but its says its "contingent" on one site and says "under contract... show more We already own a home... but with the real estate market being what it is right now we are "looking" at possibly renting our home out, and buying another home- since its a buyers market right now. We found a home, but its says its "contingent" on one site and says "under contract contingent" on the other site. Does that mean this home is off the market?
5 answers 5