Can't list items to sell over a limit

[Nimze]

When I try to sell a skin it says "The price entered exceeds the maximum price of £264.00." even though this obviously isn't the maximum price for other people as there are loads of items listed for £300+

[76561198218426745]

You cannot have more than $500 USD in your Steam wallet. You also cannot list items on the market whose combined price, if sold, would cause you to go over $500 USD.

[Nimze]

Yeah but for me the maximum is £264 which when converted is $346

[76561198218426745]

All of the following combined cannot exceed $500 USD:

• Your current wallet balance, across all accounts
  
• Your current items for sale on the community market, across all accounts

The individual item price might be below $500 USD, that doesn't mean your total balance across all accounts is below $500 USD.

[Nimze]

This is my only account I have nothing currently listed on the market and my wallet balance is 0

[76561198218426745]

It's possible my information is out of date. Regardless, Steam has chosen to limit how much you can list the item for, there's not much else you can do than list it for the maximum price Steam allows.

Currently we are restricting Steam Wallet balances to $500. We also limit the maximum price of a single listing on the market to $400. You will be restricted from listing items for sale in the Community Market if the existing balance in your Steam Wallet, plus the sale price of the item(s), would together exceed the $500 limit. We may be raising the Steam Wallet balance limit, or otherwise changing this restriction, in the future. Note that, if you have multiple accounts, balances for all Steam Wallets associated with all of your accounts will be aggregated for purposes of applying this limit.

https://support.steampowered.com/kb_article.php?ref=6088-UDXM-7214

[Samantha Xavia]

I feel like Valve needs to update this as there are plenty of 3rd Party markets out there for selling Steam items from games such as CSGO so not only is Value losing the cut of those items but also making the market of selling items for steam slightly more unsafe.

[Steven]

This thread was quite old before the recent post, so we're locking it to prevent confusion.