Predicting Days on Market: The Influence of Environmental and Home Attributes

Article OPEN
Robert P. Culp;
  • Journal: New York Economic Review,volume 39,issue 1,pages70-84

This paper estimates the difference in the number of days a home will remain on the market based upon its environmental attributes. Using on-site inspections of 3088 home sites, the results, using two-stage least squares, show that time on market is reduced and price in... View more
  • References (17)
    17 references, page 1 of 2

    Allen, M. T., S. Faircloth and R. Rutherford. 2005. “The Impact of Range Pricing on Marketing Time and Transaction Price: A Better Mousetrap for the Existing Home Market?” Journal of Real Estate Finance and Economics, 31(1): 71-82.

    Anglin, P. M., R. Rutherford and T. M. Springer. 2003. “The Trade-Off between the Selling Price of Residential Properties and Time-on-the-Market: The Impact of Price Setting, Journal of Real Estate Finance and Economics.” 26(1): 95-111.

    Bourassa, S. C., M. Hoesli and J. Sun. 2005. “The Price of Aesthetic Externalities.” Journal of Real Estate Literature, 13(2): 167-87.

    Des Rosiers, F., M. Theriault, Y. Kestens and P. Villeneuve. 2002. “Landscaping and House Values: An Empirical Investigation.” Journal of Real Estate Research, 23(1-2): 139-61.

    Des Rosiers, F. 2002. “Power Lines, Visual Encumbrance and House Values: A Microspatial Approach to Impact Measurement.” Journal of Real Estate Research, 23(3): 275-301.

    Geltner, D. M., B. D. Kluger and N. G. Miller. 1991. “Optimal Price and Selling Effort from the Perspectives of the Broker and Seller.” American Real Estate and Urban Economics Association Journal, 19(1): 1-24.

    Genesove, D. and C. Mayer. 2001. “Loss Aversion And Seller Behavior: Evidence From The Housing Market.” The Quarterly Journal of Economics, 116(4): 1233-60.

    Glower, M., D. R. Haurin and P. H. Hendershott. 1998. “Selling Time and Selling Price: The Influence of Seller Motivation.” Real Estate Economics, 26(4): 719-40.

    Haurin, R. 1988. “The Duration of Marketing Time of Residential Housing.” AREUEA Journal, 16(4): 396-410.

    Jud, G. D. and J. Frew. 1990. “Atypicality and the Natural Vacancy Rate Hypotheses.” AREUEA Journal, 18(3): 294-301.

  • Metrics
Share - Bookmark