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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2001

Table 8. Condominium Apartments Completed During the First Quarter
         of 2001 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 and percents are computed using 
unrounded data)
                               Total
                              condo-
                              minium
                              apart-                Median    Standard
                               ments   Standard     asking      error*
                           completed     error*      price    (dollars)

U.S. Total                   11,300      1,760    $150,000     28,630

Inside metropolitan areas    10,600      1,730    $155,400     28,450
  In central cities           2,700        470    $144,200     20,510
  Not in central cities       7,900      1,780    $159,800     35,940
Outside metropolitan areas      700        610    $122,600     23,680

Northeast                     1,400      1,010    $225,700     44,740
Midwest                       2,900        640    $117,900     37,510
South                         4,000      1,220    $193,900     56,830
West                          3,000      1,060    $123,900     35,290



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

U.S. Total                      100        (X)          72        4.2

Inside metropolitan areas        94        5.3          72        4.5
  In central cities              24        5.7          62        5.1
  Not in central cities          69        7.3          75        7.3
Outside metropolitan areas        6        5.3          81        6.8

Northeast                        13        8.4          75        5.6
Midwest                          26        6.2          44       15.2
South                            35        8.8          82        4.3
West                             27        8.1          85        1.9

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




Go to Detailed Tables for Second Quarter 2001 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