Skip to main content

Table 2 Effect of online interest on the magnitude of price changes

From: Home is where the ad is: online interest proxies housing demand

 

Dependent variable:

 

PRICEVAR

PRICEVAR

PRICEVAR+

 

(1)

(2)

(3)

RELCLICKS

0.009

−0.007

0.008

(0.001)

(0.001)

(0.004)

RELPRICEM2

0.001

−0.006

−0.040

(0.001)

(0.001)

(0.006)

FLOORAREA

−0.00004

0.00003

−0.00003

(0.00001)

(0.00000)

(0.00004)

STATUS

0.011

−0.007

−0.001

(0.0004)

(0.0003)

(0.002)

ROOMS

0.005

−0.005

−0.005

(0.0004)

(0.0003)

(0.002)

Constant

−4.725

6.717

2.777

(1.680)

(1.382)

(10.226)

Observations

36,344

34,552

1792

Adjusted R-squared

0.075

0.089

0.127

AIC

−100,790

−111,020

−4460

  1. Note: p<0.1; p<0.05; p<0.01. Additional controls: OMI microzone and quarter dummies. RELCLICKS and RELPRICEM2 are in logs. RELCLICKS is calculated over the first 14 days from the upload of the ad. The results for RELCONTACTS are similar and given in the text.