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What is List Price

The price of a home for sale set by the sellers and their listing agent. The list price can be reduced multiple times throughout the life of the listing in the MLS. It’s important to watch how the list price changes for homes you’re interested in as it can indicate how willing a seller may be to drop her final sale price. The ratio of the final sale to list price indicates the discount that a buyer gets off of the last listing price when a home is sold. This number helps you set an offer price for a comparable home on the market.