U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2006

Table 10. Characteristics of Condominium Apartments Completed in the
         Last Four Quarters and of Those Reported as Sold and Remaining
         for Sale in the Second Quarter of 2006.

(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.)

                                                  Condominiums
                                                  completed in
                       Total                      last 4
                       condominiums    90%        quarters and      90%
                       completed     C.I.(+/-)    sold prior to  C.I.(+/-)
                       in last 4    (number of    2nd quarter   (number of 
                       quarters     apartments)*      2006       apartments)*
                                    


   Total                   91,300     15,690        55,500         11,430

Asking price:

Less than $150,000         14,200      5,100         9,300          3,830
$150,000 to $199,999        9,600      2,210         6,500          1,800
$200,000 to $249,999       10,000      2,060         5,700          1,190
$250,000 to $299,999       11,200      3,190         5,600          1,190
$300,000 to $349,999        9,000      3,120         4,500          1,820
$350,000 or more           37,400      8,370        23,900          6,240
Median asking price      $304,000    $36,420      $307,200        $42,320

  Units with:
Fewer than 2 bedrooms       16,700     4,070        10,300          2,410
2 bedrooms                  50,400     9,490        30,200          6,340
3 bedrooms or more          24,200     5,900        15,000          4,780

                                                   Condominiums
                                                   completed in
                       Condominiums                last 4
                       completed in                quarters and
                       last 4           90%        remaining         90%
                       quarters and  C.I.(+/-)     for sale at     C.I.(+/-)
                       sold in 2nd   (number of    end of 2nd      (number of
                       quarter 2006  apartments)*  quarter 2006    apartments)*


   Total                    20,000     5,580          15,800        3,980

  Asking price:
Less than $150,000           2,900     1,600           2,000          960
$150,000 to $199,999         1,900       520           1,200          390
$200,000 to $249,999         2,600       640           1,600        1,170
$250,000 to $299,999         2,800       750           2,800        2,030
$300,000 to $349,999         2,900     2,300           1,700          620
$300,000 or more             6,900     2,390           6,600        1,900
Median asking price       $295,500   $34,330        $260,000      $53,560

  Units with:
Fewer than 2 bedrooms        4,300     2,070           2,100          710
2 bedrooms                  11,500     3,530           8,700        2,610
3 bedrooms or more           4,200       940           5,000        1,800

 *A 90-percent confidence interval is a measure of an estimate's
  variability.  The larger the confidence interval in relation
  to the size of the estimate, the less reliable the estimate.
 Note: These data are for completions in the second, third, and
       fourth quarters of 2005, and first quarter of 2006.


Source:  U.S. Census Bureau, Survey of Market Absorption


Go to Detailed Tables for Second Quarter 2006 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