On the distribution of prices in market real estate and "offset" estimations of market value

The article discusses the results of experimental studies on the distribution of prices of real estate market with the findings of a systematic overestimation of the market value of the consultants-valuers. Displaying the fundamental difference between prices on the distribution of different objects observed in the real estate market, the distribution of possible prices for the valued object. The authors note there are no grounds for allegations of systematic overestimation of market value as a result of these differences. This is explained by the formation of unbiased estimates the cost based on the properties of the distribution of the adjusted average prices of the sample counterparts.