Replication data for: The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com

Principal Investigator(s): View help for Principal Investigator(s) Igal Hendel; Aviv Nevo; François Ortalo-Magné

Name	File Type	Size	Last Modified
FSBO_MLS_Data-to-Hedonics.do	text/plain	6.4 KB	10/12/2019 06:02:AM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 06:02:AM
Readme.txt	text/plain	1.1 KB	10/12/2019 06:02:AM
data_AER_FSBO_MLS.dta	application/octet-stream	3 MB	10/12/2019 06:02:AM
mlsaddr.xls	application/vnd.ms-excel	39 KB	10/12/2019 06:02:AM
mlsblds.xls	application/vnd.ms-excel	51.5 KB	10/12/2019 06:02:AM
mlslgls.xls	application/vnd.ms-excel	37 KB	10/12/2019 06:02:AM
mlspcls.xls	application/vnd.ms-excel	54 KB	10/12/2019 06:02:AM
mlssale.xls	application/vnd.ms-excel	41 KB	10/12/2019 06:02:AM

Project Citation:

Hendel, Igal, Nevo, Aviv, and Ortalo-Magné, François. Replication data for: The Relative Performance of Real Estate Marketing Platforms: MLS versus FSBOMadison.com. Nashville, TN: American Economic Association [publisher], 2009. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113337V1

Project Description

Summary: We compare house sales on a For-Sale-By-Owner (FSBO) platform to Multiple Listing Service (MLS) sales and find that FSBO precommission prices are no lower, but that FSBO is less effective in terms of time to sell and probability of a sale. We do not find direct evidence of the importance of network size as a reason for the lower effectiveness of FSBO. We do find evidence of endogenous platform differentiation: patient sellers use FSBO while patient buyers transact more often on the MLS (where they avoid patient sellers). We discuss the implications for platform competition, two-sided markets, and welfare. (JEL L85, M31, R31)

Scope of Project

JEL Classification:
      L85 Real Estate Services
      M31 Marketing
      R31 Housing Supply and Markets

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Published Versions

V1 [2019-10-12]

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DDI 2.5

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