U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2003

Table 7. Characteristics of Condominium Apartments Completed During the
         First Quarter of 2003 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                 11,000         2,230      100           (X)         69              5.6

Units selling for:
Less than $125,000          1,600           540       14           4.0         65             14.3
$125,000 to $149,999          900           160        8           2.2         77              6.7
$150,000 to $199,999        2,200         1,120       20           8.9         65              9.0
$200,000 to $249,999          900           330        8           2.5         77             10.8
$250,000 to $299,999          900           280        8           2.8         73             10.2
$300,000 or more            4,500         1,380       41           7.2         69             11.4
Median asking price      $245,700       $26,550       (X)          (X)   $247,400          $30,430

Units with:
Fewer than 2 bedrooms       1,200           390       11           3.3         82              6.1
2 bedrooms                  6,400         1,520       58           5.8         65              6.0
3 bedrooms or more          3,400           860       31           4.8         73              5.4

* 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