IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2012_040.html
   My bibliography  Save this paper

An analysis of time on market and advertised to sale price differences over time

Author

Listed:
  • Peter Rossini
  • Valerie Kupke
  • Paul Kershaw
  • Stanley McGreal

Abstract

This paper investigates the changes to Time on Market (TOM) and the advertised to sale price differential for a residential property market over a 10 year period using an extensive data set. The study is based in Adelaide, Australia which is a geographically isolated but active market with over 20,000 residential transactions each year. The study uses sales for detached dwellings from 2002 to 2011 and includes over 80,000 observations that result from combining sale transaction records from the South Australian Government, with details of property marketing collected from advertisements in newspapers and websites and available through a commercial supplier (RPData). During the period of the study there were substantial regulatory changes affecting the practice of real estate agency as well as a change in the level of government subsidy partly as a result of the Global Financial Crisis. This paper uses time series analysis and charts to explore the effect of the regulatory and subsidy changes as well as investigating the seasonal changes to time on market and the advertised to sale price differential.

Suggested Citation

  • Peter Rossini & Valerie Kupke & Paul Kershaw & Stanley McGreal, 2012. "An analysis of time on market and advertised to sale price differences over time," ERES eres2012_040, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2012_040
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2012-040
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2012_040. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.