Do online real estate listing prices gauge transaction prices (well)? : Evidence from novel near-real-time data / Michael Koetter, Felix Noth, Fabian Woebbeking ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
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Do online real estate listing prices gauge transaction prices (well)?
Discovery
1982502266
URN
urn:nbn:de:gbv:3:2-123456789-1201748
DOI
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 2026
Content
1 Online-Ressource (III, 16 Seiten, 0,67 MB) : Diagramme
Edition
Language
eng
Comment
Literaturverzeichnis: Seite 8-10
Abstract
We show that online listing prices closely approximate transaction prices across Europe. Our validation uses the IWH European Real Estate Index (EREI), a near-real-time database of monthly purchase prices, rents, listing counts, and time on market for 1,154 NUTS-3 regions in 16 countries since April 2024. With publication lags as short as one month, validated listing prices offer a timely, comparable complement to official house price statistics. Purchase price levels correlate between 0.94 and 0.97 with transaction prices in the five most populous markets, while calibration slopes range from 0.95 to 1.00. Asking prices exceed transaction prices by 13% to 22%.
Series
IWH discussion papers ; 2026, no. 13 (August 2026) ppn:837399270