Two-Stage Least Squares: Simultaneous Determination of Days on Market and Length of Listing Contract
Date of Award
2007
Degree Type
Honors Paper
Abstract
Over eight million new and existing homes are sold each year, while every seller has a similar objective; to simultaneously maximize sales price and minimize the duration the home is on the market. There is no predetermined manner in which to select how long one should list the property with a broker, if the seller decides to not sell the property themselves, or how long a broker will need to sell the property. Numerous studies have been conducted to examine various factors affecting days on market (DOM), while no research has been conducted on the effect length of contract (LOC) has on DOM. This research uses two-stage least squares regression to examine how LOC impacts DOM.
Recommended Citation
Davis, Matthew Joseph, "Two-Stage Least Squares: Simultaneous Determination of Days on Market and Length of Listing Contract" (2007). Theses & Honors Papers. 65.
https://digitalcommons.longwood.edu/etd/65
