U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 1997

Table 6. Characteristics of Condominium Apartments Completed During the
         Second Quarter of 1997 and Percent Sold Within 3 Months (Preliminary)
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 are computed using unrounded data.)

                        Total
                       condo-             Per-             Per-
                       minium             cent             cent
                       apart-               of             sold
                        ments  Standard  total Standard  within   Standard
                     completed   error*  units   error* 3 months    error*

U.S. Total              8,600    1,730    100      (X)        86      3.1

Units selling for:
Less than $75,000         400      220      5      2.1        79     11.3
$75,000 to $99,999      2,400      890     27      8.0        88      3.4
$100,000 to $124,999    1,600      500     18      5.8        89      1.8
$125,000 to $149,999    1,400      430     17      3.7        76     12.0
$150,000 to $199,999    2,400      910     27      8.5        89      4.4
$200,000 or more          500      110      5      1.6        78      4.9
Median asking price  $124,200  $19,350     (X)     (X)  $122,600  $20,720

Units with:
Fewer than 2 bedrooms   1,300      320     15      2.7        87      3.3
2 bedrooms              6,200    1,420     72      3.4        85      4.0
3 bedrooms or more      1,100      210     13      2.5        87      1.7

* One standard error (68-percent confidence interval)
X Not applicable.  



Go to Detailed Tables for Third Quarter 1997 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