U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)

Third Quarter 1996 

Table 8. Condominium Apartments Completed During the Second Quarter
         of 1996, 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 due to rounding.
Medians are computed using unrounded data.)

                           Total
                          condo-
                          minium
                          apart-                Median    Standard
                           ments   Standard     asking      error*
                       completed     error*      price    (dollars)

U.S. Total                7,000      1,100    $126,900     16,020

Inside MA                 6,300        970    $131,500     14,350
  in central city         2,000        250    $140,300     14,600
  not in central city     4,400        890    $128,500     17,780
Outside MA                  600        580     $72,300     32,590

Northeast                   300        290    $125,000     32,970
Midwest                   1,500        560    $142,100     27,420
South                     2,000        580     $90,200     14,680
West                      3,200        610    $143,100     22,890



                                                Percent
                     Percent of                    sold    
                    total units   Standard       within    Standard
                      completed     error*     3 months      error*

U.S. Total                  100        (X)          75        4.3

Inside MA                    91        7.7          74        4.0
  in central city            28        4.7          81        1.5
  not in central city        63        7.2          70        5.3
Outside MA                    9        7.7          94        6.6

Northeast                     5        4.0          92        0.2
Midwest                      21        6.8          69        9.1
South                        29        7.0          86        4.2
West                         45        7.1          70        5.6

* One standard error (68-percent confidence interval)
X Not applicable.
Z Fewer than 50 units or less than one-half of one percent.
Go to Detailed Tables for Third Quarter 1996 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
Last Revised: September 30, 2011