U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



First Quarter 1998

Table 8. Condominium Apartments Completed During the Fourth Quarter
         of 1997 by Geographic Area

Not Seasonally Adjusted
(Privately financed, nonsubsidized, condominium apartments in 
buildings with five units or more. Data regarding asking price are 
collected at the initial interview.  Details may not sum to totals 
because of rounding.  Medians are computed using unrounded data.)

                           Total
                          condo-
                          minium
                          apart-                Median    Standard
                           ments   Standard     asking      error*
                       completed     error*      price    (dollars)

U.S. Total                9,300      2,370    $129,800     22,400

Inside MA                 7,000      1,420    $141,100     19,680
  in central city         4,000      1,280    $175,900    170,560
  not in central city     3,100        550    $118,700     16,250
Outside MA                2,300      2,320    $102,400     80,080

Northeast                   (Z)        (Z)         (Z)        (Z)
Midwest                   1,000        220    $132,200     40,820
South                     6,200      2,480    $128,800     34,270
West                      2,000        260    $131,900      9,260



                                               Percent
                       Percent of                 sold    Standard
                          total    Standard     within      error*
                          units      error*   3 months    (dollars)

U.S. Total                  100        (X)          88        2.4

Inside MA                    76       20.2          86        2.5
  in central city            42       13.8          87        3.9
  not in central city        33       10.5          84        1.3
Outside MA                   24       20.2          93        1.0

Northeast                   (Z)        (Z)         (Z)        (Z)
Midwest                      11        3.9          83        2.6
South                        67       10.0          91        2.1
West                         22        6.8          80        1.1

* One standard error (68-percent confidence interval)
X Not applicable.
Z Fewer than 50 units or less than one-half of one percent.



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