Selection Bias (Sale Method)
nounse·lec·tion bi·aspronounced sə-LEK-shən BY-əs
Last reviewed 16 April 2026
What does the noun Selection Bias (Sale Method) mean?
A statistical problem that occurs when properties sold by auction are systematically different from those sold by private treaty, in ways the model cannot fully account for. If higher-quality properties preferentially go to auction, comparing their prices to private treaty sales overstates any auction premium.
How the noun Selection Bias (Sale Method) is used
Headlines claiming auctions get higher prices often ignore selection bias — the best properties tend to go to auction in the first place, which skews the numbers.
Synonyms
sample bias
Related words
Cite this entry
MLA citation: "Selection Bias (Sale Method)." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/selection-bias-sale-method. Accessed 30 May 2026.
Chicago citation: How to Property. "Selection Bias (Sale Method)." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/selection-bias-sale-method.
APA citation: How to Property. (2026, April 16). Selection Bias (Sale Method). https://howtoproperty.com.au/definitions/selection-bias-sale-method