Skip Main Navigation Skip To Navigation Content

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 1997

Table 7. Characteristics of Condominium Apartments Completed During the
         First Quarter of 1997 and Percent 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 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             8,400    2,130    100      (X)        77      7.5
                                                           
Units selling for:
Less than $75,000        700      590      8      5.7        94      4.9
$75,000 to $99,999     3,400    1,400     40     10.2        65     12.6
$100,000 to $124,999   1,400      340     17      4.7        86      2.9
$125,000 to $149,999     800      300      9      3.8        66      2.4
$150,000 to $199,999   1,200      790     15      8.9        90      6.8
$200,000 or more         900      290     11      3.2        80      6.3
Median asking price $102,600  $26,080    (X)      (X)  $107,400  $25,230

Units with:
Fewer than 2 bedroom     700      360      8      3.2        85      8.3
2 bedrooms             6,800    1,790     80      4.7        75      8.4
3 bedrooms or more     1,000      220     12      2.4        82      3.7

* 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