U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2006

Table 8. Condominium Apartments Completed During the First Quarter
         of 2006 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       90%
                            ments       90%         asking     C.I. (+/-)*
                          completed   C.I.(+/-)*    price    (dollars)

U.S. Total                   23,800    5,790      $296,700     26,550

Inside CBSA**                22,600    5,770      $303,300     44,560
Inside Principal City
  of CBSA**                  13,800    5,800      $299,300     47,100
Outside Principal City
  of CBSA**                   8,900    1,450      $315,300     69,190
Outside CBSA**                1,100      480      $227,200     98,390

Northeast                     3,600      400     $350,000+    123,180
Midwest                       2,900    2,400      $169,600     13,450
South                        12,500    5,650      $298,600     63,790
West                          4,800    1,170      $297,200    110,020



                                        90%          Percent
                          Percent of   C.I. (+/-)*     sold       90%
                             total    (Percentage     within      C.I. (+/-)*
                             units      points)     3 months     (dollars)

U.S. Total                      100      (X)          69          9.3

Inside CBSA**                    95      2.3          69          9.7
Inside Principal City
  of CBSA**                      58     11.7          77         14.3
Outside of Principal City
  of CBSA**                      37     10.8          56          5.6
Outside CBSA**                    5      2.3          80         11.1

Northeast                        15      4.1          21          5.2
Midwest                          12      9.8          39         20.5
South                            53     13.8          86          8.6
West                             20      7.4          79          5.4

* A 90-percent confidence interval is a measure of the estimate's
  variability.  The larger the confidence interval in relation
  to the size of the estimate, the less reliable the estimate.
** Core Based Statistical Area
X Not applicable.

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