What does it mean when the listing price is 2x as high as the market value of the place?Hi, I'm a first time buyer and I have so much to learn. I just don't want to get a really bad deal out of my ignorance. So I'm looking at this condo I like. It's listed as $160k, but the market value is only $80k. I'm not sure what to make of it. I'm guessing it means the listed price is super inflated and this is a bad deal, right? The property is in Pittsburgh PA.If someone could please let me know how to interpret these terms it'd be super helpful! I researched on google a lot but got confused even more. Thanks in advance! :)June 20 2012 - Squirrel Hill North00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.