U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2005

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 2005.

(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    90%        quarters and      90%
                       completed     C.I.(+/-)    sold prior to  C.I.(+/-)
                       in last 4    (number of    3rd quarter   (number of 
                       quarters     apartments)*      2005       apartments)*
                                    


   Total                   69,900     12,630        37,300          8,230

Asking price:

Less than $150,000         16,900      5,330         9,700          3,300
$150,000 to $199,999        9,500      1,900         6,100          2,570
$200,000 to $249,999        5,900      2,010         2,800          1,080
$250,000 to $299,999        5,300      1,620         2,800            850
$300,000 or more           32,300     10,270        15,900          4,830
Median asking price      $275,400    $32,990      $251,500        $34,650

  Units with:
Fewer than 2 bedrooms       10,400     2,950         5,500          1,490
2 bedrooms                  41,900     9,060        22,400          5,420
3 bedrooms or more          17,200     6,740         9,400          3,160

                                                   Condominiums
                                                   completed in
                       Condominiums                last 4
                       completed in                quarters and
                       last 4           90%        remaining         90%
                       quarters and  C.I.(+/-)     for sale at     C.I.(+/-)
                       sold in 3rd   (number of    end of 3rd      (number of
                       quarter 2005  apartments)*  quarter 2005    apartments)*


   Total                    24,400     4,630           8,200        2,500

  Asking price:
Less than $150,000           6,000     3,330           1,200          660
$150,000 to $199,999         2,300     1,040           1,100          570
$200,000 to $249,999         2,300       870             800          420
$250,000 to $299,999         1,800       500             700          300
$300,000 or more            11,900     3,360           4,500        1,960
Median asking price       $292,700   $34,000        $313,500      $64,590

  Units with:
Fewer than 2 bedrooms        4,400     1,340           1,000          350
2 bedrooms                  13,800     3,220           5,600        2,190
3 bedrooms or more           6,200     2,340           1,600          690

 *A 90-percent confidence interval is a measure of an estimate's
  variability.  The larger the confidence interval in relation
  to the size of the estimate, the less reliable the estimate.
 Note: These data are for completions in the third and fourth quarters of 2004, 
       and the first and second quarters of 2005.


Source:  U.S. Census Bureau, Survey of Market Absorption




Go to Detailed Tables for Third Quarter 2005 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