%T The influence of relisting on selling price and time-on-market of residential properties
%A P. A. Rieder
%L theses_frw111
%X The aim of this study is to examine the effect of relisting as a selling strategy on selling price and time-on-market (TOM) of residential properties. Transaction data from the Province of Utrecht, The Netherlands during the market downturn from 2008 to 2013 are analysed with a two-stage least squares (2SLS) method. Results reveal a price premium of 2.76 percent for relisted properties and a significant prolongation of marketing duration. Sellers were best off when relisting their property after a waiting period of 8 to 30 days. However, price effects for different property type (flats or houses) and price categories (from low-priced to high-priced) differ. The results have implications for market players, such as agents and sellers, as well as for research regarding the trade-off between selling price and TOM.
%D 2018