Question

What is the difference between market value and market price, if any?

1.Market value is an estimate; market price is the price at which a property sold.
2.There is no difference.
3.Market value is an average price derived from comparable sales; market price is a price based on the cost of creating the property.
4.Market value is a broker's estimate; market price is a precise number derived by a licensed appraiser

Answer 1

Market value is an estimate of worth, while market price is the actual price at which a transaction takes place.

Step-by-step explanation:

Market value and market price are related terms used in the field of finance and investment. While they are often used interchangeably, there is a slight difference between the two.

Market value is an estimate of the worth of an asset or security. It can be determined using various methods, such as comparing it to comparable assets or using discounted cash flow analysis.

Market price, on the other hand, refers to the actual current price at which an asset or security is being bought or sold in the market. It is determined by the interaction of buyers and sellers.

Therefore, the main difference is that market value is an estimate of worth, while market price is the actual price at which a transaction takes place.