U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2006

Table 8. Condominium Apartments Completed During the Second Quarter
         of 2006 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                   24,500    4,790     $350,000+     31,560

Inside CBSA**                23,400    4,600     $350,000+     51,830
Inside Principal City
  of CBSA**                   9,900    2,580      $341,800     53,790
Outside Principal City
  of CBSA**                  13,400    3,860     $350,000+     78,060
Outside CBSA**                1,200      680      $340,700     98,390

Northeast                     7,700    3,930     $350,000+    123,180
Midwest                       1,200      820      $245,300     13,450
South                        11,200    2,500      $274,500     58,640
West                          4,500    1,270      $296,700    109,840



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

U.S. Total                      100      (X)          70          4.1

Inside CBSA**                    95      2.6          69          4.0
Inside Principal City
  of CBSA**                      40      8.8          78          4.7
Outside of Principal City
  of CBSA**                      55      9.8          62          4.2
Outside CBSA**                    5      2.6          89          7.8

Northeast                        31     12.2          56          4.3
Midwest                           5      3.5          66         16.9
South                            46      9.4          75          5.5
West                             18      5.3          81          8.1

* 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.
** Core Based Statistical Area
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