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Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2003

Table 10. Characteristics of Condominium Apartments Completed in the
          Last Four Quarters and of Those Reported as Sold and Remaining
          for Sale in the Fourth Quarter of 2003.

(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.)

                                                               Condominiums
                                                               completed in
                               Total                           last 4
                               condominiums                    quarters and
                               completed                       sold prior to
                               in last 4         Standard      4th quarter      Standard
                               quarters            error*          2003           error*

    Total                       40,500             4,320          25,100          2,990

Asking price:

Less than $125,000               7,000             1,320           4,400            950
$125,000 to $149,999             4,900               880           3,100            440
$150,000 to $199,999             7,700               760           4,700            960
$200,000 to $249,999             3,300               480           2,500            460
$250,000 to $299,999             3,400               690           2,400            630
$300,000 or more                14,200             2,030           8,100          1,210
Median asking price           $160,100           $13,140        $157,800        $12,360

  Units with:
Fewer than 2 bedrooms            5,400               820           3,700            720
2 bedrooms                      22,700             2,530          14,100          1,720
3 bedrooms or more              12,400             1,980           7,400          1,280

                                                                Condominiums
                                                                completed in
                              Condominiums                      last 4
                              completed in                      quarters and
                              last 4                            remaining
                              quarters and                      for sale at
                              sold in 4th       Standard        end of 4th       Standard
                              quarter 2003        error*        quarter 2003       error*


     Total                       9,800             1,130           5,600            890

  Asking price:
Less than $125,000               1,900               530             800            310
$125,000 to $149,999             1,400               180             300            130
$150,000 to $199,999             1,800               300           1,200            400
$200,000 to $249,999               500               100             300             80
$250,000 to $299,999               600               190             400             90
$300,000 or more                 3,500               680           2,600            880
Median asking price           $147,100           $16,230        $223,400        $32,560

  Units with:
Fewer than 2 bedrooms            1,100               200             600            140
2 bedrooms                       5,500               720           3,100            580
3 bedrooms or more               3,200               810           1,800            560

 *One standard error (i.e., 68-percent confidence interval). 

 Note: These data are for completions in the fourth quarter
       of 2002, and the first through third quarters of 2003.



Go to Detailed Tables for Fourth Quarter 2003 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