| Residential sales area | Residential average selling price |
| Model two | Model two |
GDP | 0.098*** (0.205) | 0.907*** (0.063) |
AHSA | 0.574*** (0.084) | −0.283*** (0.041) |
F | 2.532 | 67.219 |
R2 | 0.833 | 0.898 |