U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2007


Table 10. Characteristics of Condominium Apartments Completed in the

         Last Four Quarters and of Those Reported as Sold and Remaining

         for Sale in the Fourth Quarter of 2007.



(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 are computed using unrounded data.)



                                                  Condominiums

                                                  completed in

                       Total                      last 4

                       condominiums    90%        quarters and      90%

                       completed     C.I.(+/-)    sold prior to  C.I.(+/-)

                       in last 4    (number of    4th quarter   (number of 

                       quarters     apartments)*      2007       apartments)*

                                    





   Total                   98,500      8,910        54,100          5,470



Asking price:



Less than $150,000          5,800      2,340         2,700            860

$150,000 to $199,999        9,700      2,080         5,000          1,050

$200,000 to $249,999       12,100      2,300         6,800          1,380

$250,000 to $299,999       11,200      1,840         6,000          1,650

$300,000 to $349,999       10,000      2,640         5,800          2,380

$350,000 or more           49,800      9,550        27,800          4,750

Median asking price     $350,000+    $42,150     $350,000+        $48,870



  Units with:

Fewer than 2 bedrooms       19,200     3,260        11,300          2,690

2 bedrooms                  53,700     4,060        29,700          2,860

3 bedrooms or more          25,700     6,860        13,100          2,130



                                                   Condominiums

                                                   completed in

                       Condominiums                last 4

                       completed in                quarters and

                       last 4           90%        remaining         90%

                       quarters and  C.I.(+/-)     for sale at     C.I.(+/-)

                       sold in 4th   (number of    end of 4th      (number of

                       quarter 2007  apartments)*  quarter 2007    apartments)*





   Total                    22,100     4,660          22,300        3,570



  Asking price:

Less than $150,000           1,900       480           1,900        1,430

$150,000 to $199,999         1,700       640           2,900        1,450

$200,000 to $249,999         2,800       840           2,500          640

$250,000 to $299,999         2,400       410           2,800          500

$300,000 to $349,999         1,800       490           2,400          500

$300,000 or more            12,100     4,420           9,900        2,820

Median asking price      $350,000+   $24,360        $314,700      $30,190



  Units with:

Fewer than 2 bedrooms        4,200     1,590           3,600          520

2 bedrooms                  10,800     1,380          13,200        2,060

3 bedrooms or more           7,000     3,200           5,500        2,780



 *A 90-percent confidence interval is a measure of an estimate's

  variability.  The larger the confidence interval in relation

  to the size of the estimate, the less reliable the estimate.

 Note: These data are for completions in the fourth quarter of  

	 2006, and first, second, and third quarters of 2007.





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




Go to Detailed Tables for Fourth Quarter 2007 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