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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 1997

Table 8. Condominium Apartments Completed During the Second Quarter
         of 1997, 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 are computed using unrounded data.)

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

U.S. Total                8,600      1,730    $124,200     19,350

Inside MA                 7,100      1,370    $130,100     18,070
  in central city         2,300        600    $116,800     13,410
  not in central city     4,800      1,250    $137,000     19,920
Outside MA                1,500      1,300     $92,100     27,940

Northeast                 1,800      1,220    $164,100     34,340
Midwest                     700        220    $131,000     14,690
South                     3,300      1,300     $95,200     13,740
West                      2,800        590    $118,500     10,330



                                               Percent
                       Percent of                 sold    Standard
                          total    Standard     within      error*
                          units      error*   3 months    (dollars)

U.S. Total                  100        (X)          86        3.1

Inside MA                    82       13.2          84        3.7
  in central city            27        7.7          80        3.9
  not in central city        55       11.6          87        5.0
Outside MA                   18       13.2          91        1.5

Northeast                    21       12.1         100        0.1
Midwest                       8        2.8          61       17.7
South                        39       11.6          86        3.0
West                         32        8.3          82        2.7

* 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