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Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2003

Table 6. Characteristics of Condominium Apartments Completed During the
         Third Quarter of 2003 and of Those 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 and percents 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                      9,900          1,680         100           (X)           75          3.9

Units selling for:
Less than $125,000              1,700            610          17           5.0           79          5.5
$125,000 to $149,999            1,400            610          15           5.2           83          7.3
$150,000 to $199,999            1,800            630          19           4.6           57          6.8
$200,000 to $249,999              500            170           5           1.7           73          5.7
$250,000 to $299,999              700            190           7           2.0           66          8.4
$300,000 or more                3,700            740          37           6.8           79          5.3
Median asking price          $198,600        $23,260          (X)          (X)     $209,500      $20,960

Units with:
Fewer than 2 bedrooms           1,200            230          12           1.8           74          6.8
2 bedrooms                      5,300          1,280          54           7.0           76          4.7
3 bedrooms or more              3,400            820          34           7.2           72          4.5

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



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