My Home's Market Value: An Active Market Pricing Model
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Authors
Dorr, Timothy G.
Issue Date
2015-02
Type
Article
Language
en_US
Keywords
Pricing , Price theory , Marketing , Negotiation
Alternative Title
Abstract
The current US residential real estate market is recovering although price growth remains stagnant. The non-linear pricing model examined represents a first investigation in the area of a single variable, polynomial correlation model. Using data from Easton, Connecticut demonstrated that when sellers set initial prices outside of a computed 95% confidence interval for similar properties no offers are forthcoming prior to asking price reductions and offered properties remain on the market longer.
Description
Citation
Dorr, T. (Feb. 2015) My Home's Market Value: An Active Market Pricing Model. Journal of Management and Innovation, 1(1), 22-39. http://dx.doi.org/10.18059/jmi.v1i1.6
Publisher
Mercy College, School of Business