Pricing in an Illiquid Real Estate Market

Using a repeat sales data set, this paper examines whether a single small seller can influence the selling price of their house. We find that this influence exists and, since the estimated magnitude of the effect is larger than expected, we verify the estimate using several supplementary tests.

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Bibliographische Detailangaben
Veröffentlicht in:	The Journal of real estate research 2013-01, Vol.35 (1), p.83-102
Hauptverfasser:	Anglin, Paul M., Wiebe, Robin
Format:	Artikel
Sprache:	eng
Schlagworte:	Bargaining Bids Coefficients Conditional sales Datasets Discounts Estimation Experimental methods Houses Housing prices Laboratories List prices Market conditions Pricing Purchasing Real estate Real estate economics Real estate market Real estate markets Real estate sales Regression analysis Sales management Selling price Strategic bargaining Studies U.S.A Willingness to pay
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Beschreibung
Zusammenfassung:	Using a repeat sales data set, this paper examines whether a single small seller can influence the selling price of their house. We find that this influence exists and, since the estimated magnitude of the effect is larger than expected, we verify the estimate using several supplementary tests.
ISSN:	0896-5803 2691-1175
DOI:	10.1080/10835547.2013.12091351