U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2007


Table 7. Characteristics of Condominium Apartments Completed During the

         Second Quarter of 2007 and of Those Sold Within 3 Months (Revised)

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                    20,800      3,210      100      (X)          64          6.4



Units selling for:

Less than $125,000             1,100        400        5      2.3          76         10.7

$125,000 to $149,999           2,100        730       10      4.2          62          8.8

$150,000 to $199,999           2,700        850       13      4.8          60          7.0

$200,000 to $249,999           1,900        550        9      2.9          53          8.6

$250,000 to $299,999           2,600      1,440       13      5.8          67         18.5

$300,000 or more              10,400      2,920       50      8.1          66          8.9

Median asking price        $350,000+    $38,500      (X)      (X)   $350,000+      $41,200



Units with:

Fewer than 2 bedrooms          4,800      1,570       23      4.8          71          7.1

2 bedrooms                    11,700      1,700       56      5.2          64          4.9

3 bedrooms or more             4,400      1,170       21      5.5          59         17.3



* 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.

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