1\begin{tabular}{lr}2\toprule3Moment & Value \\4\midrule5Tightness $\theta^*$ (buyers per listing) & 4.39 \\6Effective seller contact rate $\Lambda_s$ (per year) & 8.01 \\7Effective buyer contact rate $\Lambda_b$ (per year) & 1.83 \\8Inventory of listings $S$ (inflow $=1$) & 0.186 \\9Sales flow $Q$ (share of listings eventually sold) & 0.907 \\10Mean time on market of sold listings (months) & 2.23 \\11Mean buyer search duration (months) & 10.79 \\12Transaction-weighted mean price & 0.9960 \\13Price s.d. among identical houses & 0.0347 \\14Between-type share of price variance & 0.131 \\15Expected price, most patient / most urgent type & 1.0162 / 0.9594 \\16Urgency discount $D$, most urgent type / transaction-weighted (\%) & 5.59 / 1.98 \\17Sale hazard, most patient / most urgent type (per year) & 4.14 / 6.28 \\18Walrasian free-entry benchmark $p^*$; gap $\Gamma$ (\%) & 1.195; 16.6 \\19Welfare flow: total / sellers / holding costs & 0.1582 / 0.1505 / 0.0202 \\20Max.\ seller residual / free-entry residual & 3.9e-13 / 1.6e-17 \\21\bottomrule22\end{tabular}23