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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2003

Table 8. Condominium Apartments Completed During the First Quarter
         of 2003 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                      8,500           1,120    $201,200     29,570

Inside metropolitan areas       7,000             910    $196,200     14,620
  In central cities             3,700             610    $297,500     26,290
  Not in central cities         3,300             810    $153,600     54,110
Outside metropolitan areas      1,500             800    $216,400     31,340

Northeast                         400             330    $300,000+   141,700
Midwest                         1,000             400    $170,500     35,810
South                           3,000             860    $182,200     27,200
West                            4,100             850    $214,700     25,460



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

U.S. Total                        100             (X)          76        5.5

Inside metropolitan areas          82             8.2          71        5.9
  In central cities                43             7.5          67        6.9
  Not in central cities            39             7.9          76        7.6
Outside metropolitan areas         18             8.2          96        2.2

Northeast                           5             4.0         100        (Z)
Midwest                            12             4.3          69        8.2
South                              36             7.5          84        4.4
West                               48             8.7          68        8.3

* 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 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