U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2003

Table 7. Characteristics of Condominium Apartments Completed During the
         Second Quarter of 2003 and of Those 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 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                     8,500         1,050         100          (X)              75          4.8

Units selling for:
Less than $125,000             1,800           640          22          4.3              69         11.7
$125,000 to $149,999           1,000           350          12          3.5              77          7.6
$150,000 to $199,999           1,600           340          18          3.1              74          5.2
$200,000 to $249,999           1,200           260          14          3.1              85          4.5
$250,000 to $299,999             600           180           8          1.9              80          7.4
$300,000 or more               2,300           410          27          4.9              74          6.3
Median asking price         $195,600       $17,980          (X)         (X)        $200,900      $14,160

Units with:
Fewer than 2 bedrooms          1,000           220          11          2.4              77          5.9
2 bedrooms                     4,800           740          57          5.4              78          4.0
3 bedrooms or more             2,700           610          32          5.5              70          9.9

* 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