Skip Main Navigation Skip To Navigation Content

Survey of Market Absorption of Apartments (SOMA)



First Quarter 1998

Table 6. Characteristics of Condominium Apartments Completed During the
         Fourth Quarter of 1997 and Percent Sold Within 3 Months (Preliminary)
Not Seasonally Adjusted

(Privately financed, nonsubsidized, unfurnished, condominium apartments
in buildings with five units or more.  Data regarding number of bedrooms
and asking price are collected at the initial interview, i.e., 3 months
following completion.  Details may not sum to totals because of rounding.
Medians are computed using unrounded data.)

                        Total
                       condo-             Per-             Per-
                       minium             cent             cent
                       apart-               of             sold
                        ments  Standard  total Standard  within   Standard
                     completed   error*  units   error* 3 months    error*

U.S. Total              9,300    2,370    100      (X)        88      2.4

Units selling for:
Less than $75,000         400      230      4      1.7        87      4.0
$75,000 to $99,999      2,500      910     27      4.8        88      3.0
$100,000 to $124,999    1,400      480     15      2.6        88      4.7
$125,000 to $149,999    1,900      780     20      5.0        89      3.9
$150,000 to $199,999      900      160      9      2.5        85      3.0
$200,000 or more        2,300      940     24     10.3        87      5.3
Median asking price  $129,800  $22,400     (X)     (X)  $129,400  $24,300

Units with:
Fewer than 2 bedrooms     700      250      8      2.5        91      1.7
2 bedrooms              5,900    2,070     64     10.0        87      2.8
3 bedrooms or more      2,600      930     28      9.9        88      4.5

* One standard error (68-percent confidence interval)
X Not applicable.  



Go to Detailed Tables for First Quarter 1998 Absorptions
Contact George Boyd at 301-763-3199 or mail to george.t.boyd@census.gov for further information on the Survey of Market Absorption of Apartments Data.

Source: U.S. Census Bureau, Social, Economic, and Housing Statistics Division
Last Revised: September 30, 2011