Wednesday, March 23, 2011

NCEEA Quantification Project: Status Update 3/21/11

The NCEEA Quantification Study is underway and has selected a representative sample of ENERGY STAR® qualified homes.  This data was generated from the MLS database of homes sold in and around the Raleigh/Durham area of North Carolina in 2010.  These homes will serve as the basis of comparison that will quantify the differences between an ENERGY STAR qualified home and non-qualified homes along the dimensions of sale price, ratio of sales price to listing price, and the number of days the home spent on the market prior to sale.  In the next phase of the project this sample will be analyzed and a sample of comparable non-qualified homes will be generated.  The non-qualified homes will be as similar as possible to the ENERGY STAR qualified homes.  Similarities of particular importance include size, location, number of bedrooms and baths, date sold, quality of construction, and age.  Check back soon for further updates on our progress.

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