U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1999

Table 7. Characteristics of Condominium Apartments Completed During the
         Fourth Quarter of 1998 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               10,300    2,870    100      (X)        81      1.6

Units selling for:
Less than $75,000         1,500    1,120     15      7.1        81      1.6
$75,000 to $99,999        2,900    1,460     28      6.6        86      0.8
$100,000 to $124,999      1,500      270     14      2.5        88      1.7
$125,000 to $149,999      1,300      240     12      3.4        82      3.0
$150,000 to $199,999      1,100      130     11      2.5        77      (Z)
$200,000 or more          2,000      390     19      6.8        71      4.6
Median asking price    $112,000  $34,380     (X)      (X) $108,400  $33,550

Units with:
Fewer than 2 bedrooms     1,200      320     11      0.6        83      0.8
2 bedrooms                6,900    2,330     67      4.4        82      2.0
3 bedrooms or more        2,200      340     22      4.5        78      2.0

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




Go to Detailed Tables for Second Quarter 1999 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