Determinants of Time on the Market in a Thin Real Estate Market

  title={Determinants of Time on the Market in a Thin Real Estate Market},
  author={Andreja Cirman and Marko Pahor and Miroslav Verbi{\vc}},
  journal={The Engineering Economics},
In the paper we investigate the factors that affect a property’s time on the market (TOM) in the residential real estate market in the case of a thin, illiquid market, such as those found in Central and Eastern European (CEE) countries. In contrast to liquid markets, the time it takes to sell a property can vary from a few days to a few months. In Slovenia a residential property’s marketability depends strongly on the price dynamics of the market, housing characteristics and the degree of… 

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