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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2005

Table 7. Characteristics of Condominium Apartments Completed During the
         First Quarter of 2004 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      90%       total     90%        within       90%
                          completed    C.I.(+/-)*  units   C.I.(+/-)*   3 months   C.I.(+/-)*
   
U.S. Total                    12,300      2,700      100      (X)          74         10.0

Units selling for:
Less than $125,000             2,700      1,330       21      8.5          76         17.5
$125,000 to $149,999           1,700        730       14      5.8          76         10.4
$150,000 to $199,999             800        200        6      1.9          80          3.9
$200,000 to $249,999           1,000        380        8      2.5          79         10.6
$250,000 to $299,999           1,100        560        9      3.5          63         26.2
$300,000 or more               5,400      1,530       43     10.1          73         14.7
Median asking price         $308,600    $33,900      (X)      (X)    $297,400      $34,500

Units with:
Fewer than 2 bedrooms          1,900        560       15      4.7          81          6.8
2 bedrooms                     7,700      2,160       62      7.7          70         14.4
3 bedrooms or more             2,900      1,010       23      6.7          77          9.8

* 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.
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