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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2006

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 2006.

(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)*      2006       apartments)*
                                    


   Total                   89,900     14,000        50,900         10,380

Asking price:

Less than $150,000          9,500      2,710         6,500          2,470
$150,000 to $199,999       10,700      2,350         6,100          1,840
$200,000 to $249,999       10,000      2,040         6,000          1,190
$250,000 to $299,999       11,500      2,130         6,400          1,100
$300,000 to $349,999        8,400      2,890         4,900          2,450
$350,000 or more           36,700      7,920        21,100          5,170
Median asking price      $318,700    $12,090      $305,200        $15,064

  Units with:
Fewer than 2 bedrooms       16,700     4,340         9,800          2,850
2 bedrooms                  49,000     7,910        27,500          5,600
3 bedrooms or more          24,200     5,590        13,600          4,370

                                                   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 2nd      (number of
                       quarter 2006  apartments)*  quarter 2006    apartments)*


   Total                    22,700     3,360          16,200        3,490

  Asking price:
Less than $150,000           1,700       310           1,400          510
$150,000 to $199,999         2,900       680           1,800          560
$200,000 to $249,999         2,600       650           1,400          930
$250,000 to $299,999         3,100     1,230           2,000        1,170
$300,000 to $349,999         2,200       600           1,300          780
$300,000 or more            10,300     2,740           8,400        1,880
Median asking price       $324,300   $15,980       $350,000+      $35,230

  Units with:
Fewer than 2 bedrooms        4,700     1,330           2,200          550
2 bedrooms                  13,100     2,500           8,500        2,210
3 bedrooms or more           5,000     1,030           5,500        1,600

 *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 2005, and the first and second quarters of 2006.


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


Go to Detailed Tables for Third Quarter 2006 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