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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1999

Table 8. Condominium Apartments Completed During the First Quarter
         of 1999 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    Standard
                                 ments     Standard     asking      error*
                             completed     error*        price    (dollars)

U.S. Total                       5,900      1,290    $123,700     18,800

Inside metropolitan areas        4,700        740    $122,900     12,060
  in central cities              2,600        630    $144,200     67,930
  not in central cities          2,100        300    $117,600      7,100
Outside metropolitan areas       1,200      1,120    $152,300     56,250

Northeast                          100         10    $200,000+     2,990
Midwest                          1,100        260    $105,100     13,040
South                            2,800      1,220    $146,300     81,460
West                             1,900        380    $121,900     16,240



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

U.S. Total                  100        (X)          87        1.7

Inside metropolitan areas    80       15.7          87        1.8
  in central cities          45       10.6          90        2.4
  not in central cities      35        8.1          84        2.1
Outside metropolitan areas   20       15.7          86        (Z)

Northeast                     1        (Z)         100        (Z)
Midwest                      19        5.4          93        1.5
South                        48       11.8          87        2.8
West                         32        8.2          83        3.2

* One standard error (68-percent confidence interval)
X Not applicable.
Z Fewer than 50 units or less than one-half of 1 percent.



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