U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2006

Table 8. Condominium Apartments Completed During the Third Quarter
         of 2006 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       90%
                            ments       90%         asking     C.I. (+/-)*
                          completed   C.I.(+/-)*    price    (dollars)

U.S. Total                   21,900    2,520      $337,600     30,210

Inside CBSA**                20,800    2,530     $350,000+     51,460
Inside Principal City
  of CBSA**                  10,300    1,600     $350,000+     56,300
Outside Principal City
  of CBSA**                  10,600    1,460      $318,300     69,850
Outside CBSA**                1,100       90      $253,300     98,390

Northeast                     3,800      660     $350,000+    123,180
Midwest                       2,200      560      $195,700     13,450
South                         9,300    2,260      $341,300     72,910
West                          6,600    1,480      $281,800    104,320



                                        90%          Percent
                          Percent of   C.I. (+/-)*     sold       90%
                             total    (Percentage     within      C.I. (+/-)*
                             units      points)     3 months     (dollars)

U.S. Total                      100      (X)          70          3.4

Inside CBSA**                    95      0.7          68          3.6
Inside Principal City
  of CBSA**                      47      4.0          69          5.0
Outside of Principal City
  of CBSA**                      48      4.0          68          5.5
Outside CBSA**                    5      0.7          95          4.4

Northeast                        17      3.3          59          2.4
Midwest                          10      2.7          45          5.9
South                            43      7.4          79          6.5
West                             30      5.9          71          5.7

* A 90-percent confidence interval is a measure of the estimate's
  variability.  The larger the confidence interval in relation
  to the size of the estimate, the less reliable the estimate.
** Core Based Statistical Area
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