In appraising, what is a "listing price"?

A "listing price" refers to the price at which a property is offered for sale by the seller. It is the initial asking price that the seller has set based on their expectations and market conditions. This price reflects what the seller believes their property is worth and is used as a starting point for buyers to consider making an offer.

In contrast to this, the final sale price may differ from the listing price, as it is the result of negotiations between the seller and potential buyers. The assessed value determined by the county is related to property taxes and may not accurately represent current market conditions or the actual market value of the property. Similarly, the average market price of similar properties provides a general idea of market trends but does not specifically indicate the price at which any particular property is listed for sale.