What does "listing price" refer to?

The term "listing price" refers specifically to the price at which a property is offered for sale on the market. This is the figure that the seller and their agent set in order to attract potential buyers and initiate interest in the property. The listing price is often the starting point for negotiations and marketing efforts.

Setting a listing price is a strategic decision, generally based on various factors including comparable sales in the area, the property's condition, and the overall market trends. This price is what buyers see when looking at listings and is critical in determining how much attention a property may attract.

Other options mention concepts relating to the transaction process but do not accurately define the listing price. The final sale price encapsulates the outcome of all negotiations and may differ from the initial listing price. Market value, determined by appraisals, provides an objective measure of a property's worth but does not directly equate to what the property is listed at. Lastly, the minimum price a seller will accept reflects their personal threshold for negotiations rather than what they initially market the property for.