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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2005

Table 8. Condominium Apartments Completed During the Second Quarter
         of 2005 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       90%
                            ments       90%         asking     C.I. (+/-)*
                          completed   C.I.(+/-)*    price    (dollars)

U.S. Total                   25,700    6,970      $298,000     26,670

Inside metropolitan areas    24,800    6,870      $293,800     43,160
  In central cities          12,800    4,140      $327,100     51,470
  Not in central cities      12,000    5,940      $229,400     50,340
Outside metropolitan areas      900    1,000     $350,000+     98,390

Northeast                     3,100    2,920     $350,000+    123,180
Midwest                       3,900    2,840   < $150,000      13,450
South                        14,500    6,610      $321,400     68,660
West                          4,200    1,170      $286,000    105,880



                                        90%          Percent
                          Percent of   C.I. (+/-)*     sold       90%
                             total    (Percentage     within      C.I. (+/-)*
                             units      points)     3 months     (dollars)

U.S. Total                      100      (X)          80          9.9

Inside metropolitan areas        97      3.8          81         10.1
  In central cities              50     14.9          84          6.0
  Not in central cities          47     15.3          78         19.5
Outside metropolitan areas        3      3.8          60         26.2

Northeast                        12     10.8          37         39.2
Midwest                          15     11.1          68         23.2
South                            56     16.3          91          5.9
West                             16      6.8          87          4.0

* A 90-percent confidence interval is a measure of the 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