The effect of listing price strategy on transaction selling prices
Abstract While true underlying home values are expected to be randomly distributed, actual
residential listing prices tend to be highly clustered. Particularly, more than 75% of the
homes in our sample are associated with a round or “just below” round asking price. This
study provides a theoretical and empirical examination of how the thousands digit in a
home's asking price is related to the final transaction price relative to its true underlying ...
residential listing prices tend to be highly clustered. Particularly, more than 75% of the
homes in our sample are associated with a round or “just below” round asking price. This
study provides a theoretical and empirical examination of how the thousands digit in a
home's asking price is related to the final transaction price relative to its true underlying ...