Which of the following factors does NOT influence real estate market value?

The personal preference of the seller does not influence the real estate market value because market value is determined by objective factors rather than subjective feelings or opinions. Market value is fundamentally shaped by elements such as location, economic conditions, and comparable sales.

Location is critical, as it encompasses the desirability of the area, availability of amenities, and overall market demand. Economic conditions, including interest rates, employment levels, and the local economy, directly impact buying power and demand, thereby affecting value. Comparable sales provide essential benchmarks by showing recent sale prices of similar properties in the area, which real estate professionals use to assess a property’s market value.

In contrast, the seller's personal preferences—such as emotional attachments to the property or desired selling price—will not affect the objective market value that buyers are willing to pay based on these external factors. Hence, while a seller may have personal reasons for wanting a certain price, the actual market value is ultimately dictated by broader market dynamics.