U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1997

Table 8. Condominium Apartments Completed During the First Quarter
         of 1997, 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 are computed using unrounded data.)

                           Total
                          condo-
                          minium
                          apart-                Median    Standard
                           ments   Standard     asking      error*
                       completed     error*      price    (dollars

U.S. Total                9,300      2,290    $108,400     28,180

Inside MA                 6,400      1,440    $132,600     35,520
  in central city         1,700        230    $130,700     24,640
  not in central city     4,800      1,450    $133,200     46,480
Outside MA                2,800      1,990     $86,300     18,130

Northeast                 1,800      1,420    $170,800     33,660
Midwest                   1,400        450    $121,400     16,090
South                     2,600      1,570     $93,000     29,640
West                      3,500      1,280     $96,000     11,340



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

U.S. Total                  100        (X)          78        7.5

Inside MA                    69       16.3          82        4.6
  in central city            18        5.3          64        2.9
  not in central city        52       14.1          88        4.2
Outside MA                   31       16.3          69       21.5

Northeast                    19       13.6          91        9.0
Midwest                      15        5.7          81        6.0
South                        29       14.0          88        5.5
West                         37       12.7          62        9.5

* 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