In real estate, what term describes the potential selling price of a home in a competitive market?

The term that best describes the potential selling price of a home in a competitive market is "Market Value." Market value is essentially the estimated price at which a property would exchange hands between a willing buyer and a willing seller in an open market. This concept takes into account various factors, such as current market conditions, the property's location, and its features. It reflects what buyers are willing to pay and what sellers are willing to accept, making it a crucial term in real estate transactions.

Investment Value typically refers to the value of a property based on an individual's specific investment criteria, rather than the broader market conditions. Equity Value represents the owner's interest in the property after deducting liabilities and does not directly reflect the market's selling price. Intrinsic Value refers to the perceived or calculated value of an asset based on its fundamentals, rather than its current market price, and is often subjective. Thus, market value remains the most appropriate term for the potential selling price in a competitive real estate environment.