U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)

Fourth Quarter 2007 


Table 6. Characteristics of Condominium Apartments Completed During the

         Third Quarter of 2007 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                    27,100    5,580       100     (X)          63          6.8

Units selling for:

Less than $150,000             1,500      650         6     2.5          60         12.4

$150,000 to $199,999           2,400    1,660         9     5.6          47         27.0

$200,000 to $249,999           3,200    1,070        12     4.9          70         11.7

$250,000 to $299,999           3,200      540        12     2.5          55          9.4

$300,000 to $349,999           2,200      540         9     2.3          52         17.1

$350,000 or more              14,500    4,850        54     9.5          68          7.9

Median asking price        $350,000+  $31,600        (X)     (X)  $350,000+      $26,900



Units with:

Fewer than 2 bedrooms          5,000    1,720        19     2.5          69          9.7

2 bedrooms                    13,900    2,420        51     2.0          58          6.5

3 bedrooms or more             8,200    3,890        30     2.4          68          9.3



* 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 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