U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2003

Table 8. Condominium Apartments Completed During the Third Quarter
         of 2003 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 and percents are computed using
unrounded data)
                                Total
                                condo-
                                minium
                                apart-                     Median     Standard
                                ments         Standard     asking       error*
                                completed       error*     price      (dollars)

U.S. Total                       9,900          1,680      $198,600     23,260

Inside metropolitan areas        8,200          1,250      $198,000     17,680
  In central cities              5,100            750      $278,000     14,090
  Not in central cities          3,200            950      $141,800     29,840
Outside metropolitan areas       1,700            950      $300,000+    47,490

Northeast                          600            500      $181,700     44,740
Midwest                          3,000            680      $256,400     48,870
South                            2,900            970      $263,600     31,180
West                             3,400            850      $178,500     40,170



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

U.S. Total                         100            (X)          75         3.9

Inside metropolitan areas           83            4.7          75         4.3
  In central cities                 51            6.9          66         4.8
  Not in central cities             32            6.5          88         4.1
Outside metropolitan areas          17            8.0          75         2.4

Northeast                            6            4.6          52         4.0
Midwest                             31            4.9          66         5.9
South                               29            4.8          83         7.6
West                                34            6.4          79         4.4

* 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