Data and Code for "The Short and the Long of It: Stock-Flow Matching in the US Housing Market"

From 2006 until 2020, the probability of selling a house in the US housing market declined sharply after listing for two weeks. Moreover, sales within the  first two weeks of listing ("quick sales") and sales happening afterward ("slow sales") behaved differently over the housing cycle. The probability and associated price of a quick sale recovered from the housing slump sooner, faster, and more prominently than a slow sale. This paper demonstrates that a calibrated stock-flow matching model not only generates quantitatively consistent sales, prices, listings, and time on the market but also captures the distinctions between fast and slow sales over the housing cycle.