1{2 "indexed": {3 "date-parts": [4 [5 2026,6 10,7 68 ]9 ],10 "date-time": "2026-10-06T16:01:39Z",11 "timestamp": 1791302499205,12 "version": "4.1.0"13 },14 "reference-count": 0,15 "publisher": "Wiley",16 "issue": "2",17 "license": [18 {19 "start": {20 "date-parts": [21 [22 2002,23 12,24 1725 ]26 ],27 "date-time": "2002-12-17T00:00:00Z",28 "timestamp": 104008320000029 },30 "content-version": "vor",31 "delay-in-days": 350,32 "URL": "http://onlinelibrary.wiley.com/termsAndConditions#vor"33 }34 ],35 "content-domain": {36 "domain": [],37 "crossmark-restriction": false38 },39 "short-container-title": [40 "Real Estate Economics"41 ],42 "published-print": {43 "date-parts": [44 [45 2002,46 147 ]48 ]49 },50 "abstract": "<jats:p>Information about price changes during a home\u2019s marketing period is typically missing from data used to investigate the listing price, selling price, and selling time relationship. This paper incorporates price revision information into the study of this relationship. Using a maximum\u2010likelihood probit model, we examine the determinants of list price changes and find evidence consistent with the theory of pricing behavior under demand uncertainty. Homes most likely to undergo list price changes are those with high initial markups and vacant homes, while homes with unusual features are the least likely to experience a price revision. We also explore the impact of missing price change information on estimating a representative model of house price and market time. Our results suggest that mispricing the home in the initial listing is costly to the seller in both time and money. Homes with large percentage changes in list price take longer to sell and ultimately sell at lower prices.</jats:p>",51 "DOI": "10.1111/1540-6229.00038",52 "type": "journal-article",53 "created": {54 "date-parts": [55 [56 2003,57 3,58 1259 ]60 ],61 "date-time": "2003-03-12T19:17:07Z",62 "timestamp": 104749662700063 },64 "page": "213-237",65 "source": "Crossref",66 "is-referenced-by-count": 251,67 "title": [68 "Listing Price, Time on Market, and Ultimate Selling Price: Causes and Effects of Listing Price Changes"69 ],70 "prefix": "10.1111",71 "volume": "30",72 "author": [73 {74 "given": "John R.",75 "family": "Knight",76 "sequence": "first",77 "affiliation": [],78 "role": [79 {80 "vocabulary": "crossref",81 "role": "author"82 }83 ]84 }85 ],86 "member": "311",87 "published-online": {88 "date-parts": [89 [90 2002,91 12,92 1793 ]94 ]95 },96 "container-title": [97 "Real Estate Economics"98 ],99 "language": "en",100 "link": [101 {102 "URL": "https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2F1540-6229.00038",103 "content-type": "unspecified",104 "content-version": "vor",105 "intended-application": "text-mining"106 },107 {108 "URL": "https://onlinelibrary.wiley.com/doi/pdf/10.1111/1540-6229.00038",109 "content-type": "unspecified",110 "content-version": "vor",111 "intended-application": "similarity-checking"112 }113 ],114 "deposited": {115 "date-parts": [116 [117 2023,118 11,119 18120 ]121 ],122 "date-time": "2023-11-18T15:48:36Z",123 "timestamp": 1700322516000124 },125 "score": 131.05997,126 "resource": {127 "primary": {128 "URL": "https://onlinelibrary.wiley.com/doi/10.1111/1540-6229.00038"129 }130 },131 "issued": {132 "date-parts": [133 [134 2002,135 1136 ]137 ]138 },139 "references-count": 0,140 "journal-issue": {141 "issue": "2",142 "published-print": {143 "date-parts": [144 [145 2002,146 1147 ]148 ]149 }150 },151 "alternative-id": [152 "10.1111/1540-6229.00038"153 ],154 "URL": "https://doi.org/10.1111/1540-6229.00038",155 "archive": [156 "Portico"157 ],158 "ISSN": [159 "1080-8620",160 "1540-6229"161 ],162 "issn-type": [163 {164 "value": "1080-8620",165 "type": "print"166 },167 {168 "value": "1540-6229",169 "type": "electronic"170 }171 ],172 "published": {173 "date-parts": [174 [175 2002,176 1177 ]178 ]179 }180}