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Pricing in an Illiquid Real Estate Market

Author

Listed:
  • Paul M. Anglin

    (University of Guelph)

  • Robin Wiebe

    (Conference Board of Canada)

Abstract

Using a repeat sales data set, this paper tests 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.

Suggested Citation

  • Paul M. Anglin & Robin Wiebe, 2013. "Pricing in an Illiquid Real Estate Market," Journal of Real Estate Research, American Real Estate Society, vol. 35(1), pages 83-102.
    • Handle: RePEc:jre:issued:v:35:n:1:2013:p:83-102
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    Citations

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    Cited by:

    1. Peyman Khezr & Flavio M. Menezes, 2016. "Dynamic and Static Asking Prices in the Sydney Housing Market," The Economic Record, The Economic Society of Australia, vol. 92(297), pages 209-221, June.
    2. Chang, Chuang-Chang & Chao, Ching-Hsiang & Yeh, Jin-Huei, 2016. "The role of buy-side anchoring bias: Evidence from the real estate market," Pacific-Basin Finance Journal, Elsevier, vol. 38(C), pages 34-58.
    3. Steven Caudill & Claudio Detotto & Dominique Prunetti, 2020. "Bargaining power in apartment sales in Corsica: A latent class approach," Urban Studies, Urban Studies Journal Limited, vol. 57(13), pages 2754-2772, October.
    4. Leung, Charles Ka Yui, 2023. "Real Estate Market," MPRA Paper 119430, University Library of Munich, Germany.
    5. Erling Røed Larsen, 2021. "Intra‐Week Price Patterns in the Housing Market," Scandinavian Journal of Economics, Wiley Blackwell, vol. 123(1), pages 327-352, January.
    6. Lawrence Kryzanowski & Yanting Wu, 2023. "Signaling effects of recurrent list‐price reductions on the likelihood of house sales," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(1), pages 99-130, February.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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