Listing price, time on market, and ultimate selling price: Causes and effects of listing price changes

Real Estate Economics

Volumn 30, Issue 2, 2002, Pages 213-237

  Knight, John R ^a  

^a UNIVERSITY OF THE PACIFIC   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0036016196     PISSN: 10808620     EISSN: None     Source Type: Journal    
DOI: 10.1111/1540-6229.00038     Document Type: Review

References (21)

1. Anglin, Paul. 1997. Determinants of Buyer Search in a Housing Market. Real Estate Economics 25(4): 567-589.
2. Arnott, Richard. 1989. Housing Vacancies, Thin Markets, and Idiosyncratic Tastes. Journal of Real Estate Finance and Economics 2(1): 5-30.
3. Dale-Johnson, David and Stanley Hamilton. 1998. Housing Market Conditions, Listing Choice and MLS Market Share. Real Estate Economics 26(2): 275-307.
4. Forgey, F.A., R.C. Rutherford and Thomas M. Springer. 1996. Search and Liquidity in Single-Family Housing. Real Estate Economics 24(3): 273-292.
5. 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): 719-740.
6. Haurin, Donald. 1988. The Duration of Marketing Time of Residential Housing. AREUEA Journal 16(4): 396-410.
7. Heckman, James J. 1979. Sample Selection Bias as a Specification Error. Econometrica 47(1): 153-161.
8. Horowitz, Joel L. 1992. The Role of the List Price in Housing Markets: Theory and an Econometric Model. Journal of Applied Econometrics 7(2): 115-129.
9. Kim, Sunwoong. 1992. Search, Hedonic Prices and Housing Demand. The Review of Economics and Statistics 74(3): 503-508.
10. Knight, J.R., C.F. Sirmans and Geoffrey Turnbull. 1998. List Price Information in Residential Appraisal and Underwriting. Journal of Real Estate Research 15(1): 55-70.
11. Lazear, Edward P. 1986. Retail Pricing and Clearance Sales. The American Economic Review 76(1): 14-32.
12. Mayer, Christopher J. 1995. A Model of Negotiated Sales Applied to Real Estate Auctions. Journal of Urban Economics 38(1): 1-22.
13. Read, Colin. 1988. Price Strategies for Idiosyncratic Goods-The Case of Housing. AREUEA Journal 16(4): 379-395.
14. Rosen, Sherwin. 1974. Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition. The Journal of Political Economy 82(1): 34-55.
15. Sass, Tim R. 1988. A Note on Optimal Price Cutting Behavior under Demand Uncertainty. The Review of Economics and Statistics 70(2): 336-339.
16. Sirmans, C.F., Geoffrey Turnbull and J.D. Benjamin. 1991. The Markets for Housing and Real Estate Broker Services. Journal of Housing Economics 1: 207-217.
17. Springer, Thomas M. 1996. Single-Family Housing Transactions: Seller Motivations, Price, and Marketing Time. Journal of Real Estate Finance and Economics 13(3): 237-254.
18. Taylor, Curtis. 1999. Time-on-the-Market as a Sign of Quality. Review of Economic Studies 66(3): 555-578.
19. Wheaton, William C. 1990. Vacancy, Search, and Prices in a Housing Market Matching Model. Journal of Political Economy 98(6): 1270-1292.
20. Yavas, Abdullah and Shiawee Yang. 1995. The Strategic Role of Listing Price in Marketing Real Estate: Theory and Evidence. Real Estate Economics 23(3): 347-368.
21. Yinger, J. 1981. A Search Model of Real Estate Broker Behavior. American Economic Review 71(4): 591-605.