Definition
The aspirational number sellers put on their property, which bears little resemblance to what they'll actually accept.
Example Usage
The list price was $500,000, but the seller accepted $465,000 after the appraisal came in low.
Origin
From 'list,' meaning a catalog or roll of items
Fun Fact
Realtors often suggest overpricing to test the market, then gradually reduce it—a strategy called 'price anchoring.'
Source: Real estate marketing terminology
Related Terms
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See “List Price” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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