U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2000

Table 6. Characteristics of Condominium Apartments Completed During the
         First Quarter of 2000 and of Those 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 and percents 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              8,800    1,640    100      (X)        81      4.6

Units selling for:
Less than $100,000      1,400      730     16      7.0        78     10.4
$100,000 to $124,999    1,500      310     17      3.2        71      8.1
$125,000 to $149,999    1,900      720     22      6.0        85      8.0
$150,000 to $199,999    1,700      350     19      3.3        84      3.3
$200,000 to $249,999      700      290      7      3.3        89      6.4
$250,000 or more        1,600      620     18      6.4        83      5.7
Median asking price  $143,900  $25,960     (X)     (X)  $146,000  $25,720

Units with:
Fewer than 2 bedrooms     700      270      8      2.8        75      5.4
2 bedrooms              5,700    1,270     66      4.7        81      5.4
3 bedrooms or more      2,300      460     26      4.1        84      4.9

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




Go to Detailed Tables for Second Quarter 2000 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