U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1997

Table 6. Characteristics of Condominium Apartments Completed During the
         First Quarter of 1997 and Percent 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 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              9,300    2,290    100      (X)        78      7.5

Units selling for:
Less than $75,000         700      580      8      5.3        91      6.6
$75,000 to $99,999      3,400    1,400     37     10.9        65     12.4
$100,000 to $124,999    1,400      360     16      4.6        86      3.2
$125,000 to $149,999      800      320      8      3.8        67      2.7
$150,000 to $199,999    1,900    1,410     21     13.4        93      5.4
$200,000 or more        1,000      300     10      3.3        80      6.5
Median asking price  $108,400  $28,180     (X)     (X)  $114,500  $28,670

Units with:
Fewer than 2 bedrooms     700      350      7      3.1        84      8.6
2 bedrooms              7,600    2,020     82      4.9        77      8.6
3 bedrooms or more      1,000      220     11      2.5        81      4.1

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


Go to Detailed Tables for Second Quarter 1997 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