Assessing the quantitative relevance of match quality and search frictions for house price dispersion is key to understanding house price formation and the importance of uninsurable housing wealth shocks. In this paper, we use a unique auction-level data set from Norway, combined with a...

Using data on more than one million bids from almost 200,000 housing transactions, we examine behavioral patterns uncovered in bidding logs. Norwegian housing transactions are arranged as ascending-bid auctions and bids are made on digital platforms. We use data from these auctions to study...