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Survey of Market Absorption of Apartments (SOMA)
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Second Quarter 2004
Table 7. Characteristics of Condominium Apartments Completed During the
Fourth Quarter of 2003 and of Those Sold Within 3 Months (Revised)
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 9,200 1,380 100 (X) 76 4.2
Units selling for:
Less than $125,000 1,000 470 11 4.5 74 15.0
$125,000 to $149,999 1,500 320 17 3.0 49 9.9
$150,000 to $199,999 1,200 200 13 2.7 75 6.2
$200,000 to $249,999 700 100 7 1.4 86 6.0
$250,000 to $299,999 1,200 400 13 3.2 85 6.1
$300,000 or more 3,600 740 39 4.4 84 3.5
Median asking price $257,400 $19,620 (X) (X) $275,400 $20,490
Units with:
Fewer than 2 bedrooms 1,000 180 11 2.2 58 8.5
2 bedrooms 5,400 870 58 5.2 76 4.7
3 bedrooms or more 2,800 780 31 5.6 83 3.9
* One standard error (68-percent confidence interval)
X Not applicable.
Go to Detailed Tables for Second Quarter 2004 Absorptions
Contact Alan Friedman at 301-763-3199 or mail to alan.friedman@census.gov
for further information on the Survey of Market Absorption of Apartments Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: November 15, 2004
