The effects of the internet on marketing residential real estate

This study examines how listing properties on the internet in addition to listing the same properties on the multiple listing service affects the marketing time and price of the properties. Our results, based on a sample of 48,280 residential transactions, indicate that houses listed on the internet...

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Bibliographic Details
Published in:	Journal of housing economics Vol. 14; no. 2; pp. 92 - 108
Main Authors:	Ford, James Scott, Rutherford, Ronald C., Yavas, Abdullah
Format:	Journal Article
Language:	English
Published:	Elsevier Inc 01-06-2005 Elsevier
Series:	Journal of Housing Economics
Subjects:	2SLS Economic models Housing market Housing prices Internet L85 L86 Marketing real estate MLS and internet Private property Probit and sample selection R20 Real estate Residential areas Residential real estate Sample surveys Search Urban economics R20 Search L85 MLS and internet L86 Internet Probit and sample selection Residential real estate Marketing real estate 2SLS
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Summary:	This study examines how listing properties on the internet in addition to listing the same properties on the multiple listing service affects the marketing time and price of the properties. Our results, based on a sample of 48,280 residential transactions, indicate that houses listed on the internet take slightly longer to sell and also sell for marginally higher prices. These results, while small in magnitude, are consistent with our theoretical model.
Bibliography:	ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23
ISSN:	1051-1377 1096-0791
DOI:	10.1016/j.jhe.2005.06.003