A feature of investments, reflecting the ability to buy or sell. In a soft market, it may be difficult to obtain an asked price for real estate, meaning that marketability is poor. An owner of limited partnership units may be unable to locate a secondary market purchaser, in which case marketability is at zero. Marketability may also refer to obsolescence, or to loss of equity value. For example, a highway store may be obsolete when the highway is rerouted, losing marketability; or a house may lose marketability because the cost required to make repairs exceeds the equity in the property.