U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2006

Table 6. Characteristics of Condominium Apartments Completed During the
         Third Quarter of 2006 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     90%       total      90%       within      90%
                          completed   C.I.(+/-)*  units    C.I.(+/-)*  3 months  C.I.(+/-)*

U.S. Total                    21,900    2,520       100     (X)          70          3.4
Units selling for:
Less than $150,000             2,300      890        10     3.8          49         16.6
$150,000 to $199,999           2,000      330         9     1.4          65          2.2
$200,000 to $249,999           2,600      490        12     2.1          72          6.7
$250,000 to $299,999           2,900      610        13     2.2          72          6.7
$300,000 to $349,999           1,700      430         8     1.9          74          7.4
$350,000 or more              10,500    1,530        48     3.7          73          5.0
Median asking price         $337,600  $30,200        (X)     (X)  $350,000+      $26,400

Units with:
Fewer than 2 bedrooms          4,200      770        19     2.1          75          5.6
2 bedrooms                    11,300    1,540        51     3.7          68          4.8
3 bedrooms or more             6,500      850        30     3.0          69          4.7

* A 90-percent confidence interval is a measure of an estimate's variability.  The
  larger the cofidence interval in relation to the size of the estimate, the less
  reliable the estimate.
X Not applicable.

Source:  U.S. Census Bureau, Survey of Market Absorption


Go to Detailed Tables for Fourth Quarter 2006 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