U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2006

Table 7. Characteristics of Condominium Apartments Completed During the
         First Quarter of 2006 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                    24,300      5,260      100      (X)          66          8.8

Units selling for:
Less than $125,000             3,100      1,480       13      5.4          72         11.8
$125,000 to $149,999           2,300        550       10      1.8          71          6.2
$150,000 to $199,999           3,200        790       13      2.8          70          9.3
$200,000 to $249,999           4,100        960       17      3.8          59         24.3
$250,000 to $299,999           3,000      2,170       12      7.4          79         16.9
$300,000 or more               8,600      2,130       35      5.8          59         10.4
Median asking price         $292,700    $32,100      (X)      (X)    $288,500      $33,5000

Units with:
Fewer than 2 bedrooms          4,300      2,120       18      6.0          79         10.8
2 bedrooms                    13,000      3,220       54      3.7          69         11.1
3 bedrooms or more             7,000        950       29      6.0          51          7.9

* 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 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