Some like it hot: The effect of auction temperature on urban real estate prices

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Auction temperature significantly impacts final selling prices, demonstrating complex interactions in real estate transactions.
Data analysis of 15,288 Norwegian housing transactions from 2013 to 2019 reveals key market dynamics.
Utilizing structural equation modeling, the study illustrates how bid quantity and timing influence auction outcomes.
Findings suggest that strategic underpricing can increase auction heat but may lead to lower final prices.

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Analysis reveals auction temperature affects selling prices in Norwegian real estate, indicating strategic implications for buyers and sellers.

Oust et al. (2025) studied this question.

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Analysis reveals auction temperature affects selling prices in Norwegian real estate, indicating strategic implications for buyers and sellers.