The Hedonic Price Analysis Of The Housing Market

Hedonic price method is widely used to study the relation between price and attributions of heterogeneity goods. The housing product,as a typical kind of heterogeneity goods, has obvious differences between the housing characteristics, which compose using value of the products. There is few quantitative research about the housing product attributions. Constructing the housing hedonic price medol, calculating the implicit price of the housing characteristics and then analyzing the influence factors of the urban housing price are the purposes of the thesis.Based on the literature study, a brief summary is given about hedonic price theory and development of the medol. Then through the discussion with the supervisor and classmates the main factors which influence the housing price are pointed out. The following part measures the housing characteristics variables, and constructs the hedonic price medol. Finally, based on the survey data of the housing community in NanJing city and the trade data on the Internet, with the selected econometric medol, an empirical research is given. And a statistical method is used to segment the market, and test the existence of submarkets.