| Subsequent sale year 2000 | 11.92 | 4.23 | *** | −20.47 | −1.27 |
| 3.68 | 0.45 |
| −88.75 | −1.76 | * |
| Subsequent sale year 2001 | 17.65 | 5.51 | *** | −20.38 | −1.14 |
| 7.76 | 0.84 |
| −85.72 | −1.50 | |
| Subsequent sale year 2002 | 17.54 | 4.86 | *** | −18.37 | −0.96 |
| 5.74 | 0.55 |
| −95.09 | −1.50 | |
| Subsequent sale year 2003 | 14.36 | 3.55 | *** | −12.19 | −0.60 |
| −0.89 | −0.07 |
| −118.94 | −1.72 | * |
| Subsequent sale year 2004 | 12.95 | 2.89 | *** | −16.07 | −0.74 |
| −4.28 | −0.32 |
| −134.22 | −1.77 | * |
| Subsequent sale year 2005 | 13.20 | 2.69 | *** | −11.83 | −0.51 |
| −4.99 | −0.35 |
| −145.58 | −1.74 | * |
| Difference from area average sales price | −7.76 × 10−5 | −12.51 | *** | −−− | −−− |
| −8.78 × 10−5 | −5.27 | *** | −−− | −−− |
|
| Constant | −2.21 | −1.24 | 54.81 | 4.22 | *** | −0.88 | −0.17 |
| 102.66 | 2.88 | *** | |
| Instrument for change in sales price | −−− | −−− | −0.35 | −1.10 |
| −−− | −−− |
| −3.12 | −2.38 | ** | |
| Observations | 11669 | 11669 |
|
| 1004 |
| 1004 | |||||
| F-statistic | 255.39 | *** | 22.24 | *** |
| 17.16 | *** | 11.31 | *** | |||
| Adj R2 | 0.50 | 0.06 |
|
| 0.37 |
| 0.55 |
|