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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2005

Table 6. Characteristics of Condominium Apartments Completed During the
         Second Quarter of 2005 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     90%       total      90%       within      90%
                          completed   C.I.(+/-)*  units    C.I.(+/-)*  3 months  C.I.(+/-)*

U.S. Total                    25,700    6,970       100     (X)          80          9.9

Units selling for:
Less than $150,000             5,600    3,240        22    10.5          94          2.8
$150,000 to $199,999           2,600    1,190        10     4.0          75         17.8
$200,000 to $249,999           2,700    1,340        11     5.4          80         12.6
$250,000 to $299,999           2,100      560         8     2.8          76          9.3
$300,000 to $349,999           2,400    1,360         9     4.1          80         16.3
$350,000 or more              10,400    4,520        40    13.2          75         21.0
Median asking price         $298,000  $26,700        (X)     (X)   $280,100      $21,100

Units with:
Fewer than 2 bedrooms          4,400    2,160        17     6.0         90          6.1
2 bedrooms                    15,200    4,310        59     7.9         76         14.3
3 bedrooms or more             6,100    2,250        24     6.3         83          8.3

* A 90-percent confidence interval is a measure of an estimate's variability.  The
  larger the cofidence interval in relation to the size of the estimate, the less
  reliable the estimate.
X Not applicable.

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