U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2003

Table 6. Characteristics of Condominium Apartments Completed During the
         Second Quarter of 2003 and of Those 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 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                    8,500           1,120    100         (X)          76        5.5

Units selling for:
Less than $125,000            1,900             700     22         7.0          67        7.4
$125,000 to $149,999            900             380     11         3.8          82        5.3
$150,000 to $199,999          1,500             280     17         2.4          74        5.3
$200,000 to $249,999          1,300             310     15         3.4          85        4.5
$250,000 to $299,999            600             170      7         1.8          78        8.9
$300,000 or more              2,400             510     28         6.3          75        7.1
Median asking price        $201,200         $29,570     (X)        (X)    $206,900    $24,930

Units with:
Fewer than 2 bedrooms         1,100             250     13         2.8          71        7.9
2 bedrooms                    4,600             790     55         6.0          78        4.4
3 bedrooms or more            2,800             660     33         5.9          73        4.1

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



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