U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2003

Table 10. Characteristics of Condominium Apartments Completed in the
         Last Four Quarters and of Those Reported as Sold and Remaining
         for Sale in the Third Quarter of 2003.

(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.)

                                                         Condominiums
                                                         completed in
                           Total                         last 4
                           condominiums                  quarters and
                           completed                     sold prior to
                           in last 4      Standard       3rd quarter       Standard
                           quarters       error*             2003            error*

   Total                    41,600        4,100            27,000           2,890

Asking price:

Less than $125,000           7,800        1,860             4,700           1,090
$125,000 to $149,999         4,800          650             3,600             400
$150,000 to $199,999         7,500        1,430             5,000             970
$200,000 to $249,999         3,700          670             2,000             450
$250,000 to $299,999         3,300          740             2,300             620
$300,000 or more            14,600        2,210             9,500           1,620
Median asking price       $210,200      $15,440          $200,300         $14,770

  Units with:
Fewer than 2 bedrooms        6,400          690             4,300             540
2 bedrooms                  23,700        2,360            15,300           1,490
3 bedrooms or more          11,600        2,070             7,300           1,510

	                                                     Condominiums
                                                           completed in
                          Condominiums                     last 4
                          completed in                     quarters and
                          last 4                           remaining
                          quarters and                     for sale at
                          sold in 3rd    Standard          end of 3rd       Standard
                          quarter 2003     error*          quarter 2003       error*


    Total                    8,400        1,020             6,300             900

  Asking price:
Less than $125,000           1,600          500	            1,500             550
$125,000 to $149,999           900          340               300             110
$150,000 to $199,999         1,400          220	            1,100             580
$200,000 to $249,999         1,400          320               300              70
$250,000 to $299,999           600          160               400             120
$300,000 or more             2,500          490             2,600             430
Median asking price       $210,900      $24,400          $229,500         $31,890

  Units with:
Fewer than 2 bedrooms        1,200          240               800             190
2 bedrooms                   4,600          750             3,800             770
3 bedrooms or more           2,500          490             1,700             650

 *One standard error (i.e., 68-percent confidence interval). 

 Note: These data are for completions in the third and fourth
       quarters of 2002, and the first and second quarters of 2003.



Go to Detailed Tables for Third Quarter 2003 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