What is the difference between list and sales prices?

The list price is the current asking price the home is advertised for and is typically the price a seller would like to get for the property.  The sales price is the amount a property actually sells for.   This may be the same as the list price, but can be higher or lower depending on market conditions and the perceived value compared to other homes in the market.  If you are a seller, getting feedback from prospective buyers who have toured the home is imperative as that will inform you of any problems with the condition of the home or if the asking price is too high.  Conversely, if you get multiple offers in a very short period of time that is an indication that the asking price might be too low.