U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)

Fourth Quarter 2007 


Table 8. Condominium Apartments Completed During the Third Quarter

         of 2007 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                   27,100    5,580     $350,000+     31,620



Inside CBSA**                26,700    5,470     $350,000+     51,950

Inside Principal City

  of CBSA**                  13,900    3,220     $350,000+     56,630

Outside Principal City

  of CBSA**                  12,800    4,080      $299,400     65,700

Outside CBSA**                  400      550     <$150,000     98,390



Northeast                     6,300    3,720     $350,000+    123,180

Midwest                       4,200    1,350      $270,900     13,450

South                        10,200    4,500     $350,000+     77,140

West                          6,300    1,400     $350,000+    134,420







                                        90%          Percent

                          Percent of   C.I. (+/-)*     sold       90%

                             total    (Percentage     within      C.I. (+/-)*

                             units      points)     3 months     (dollars)



U.S. Total                      100      (X)          63          6.8



Inside CBSA**                    99      2.0          63          6.7

Inside Principal City

  of CBSA**                      56      9.3          56          8.5

Outside of Principal City

  of CBSA**                      47      9.4          70          9.0

Outside CBSA**                    1      2.0          88         17.7



Northeast                        23     12.0          60          9.9

Midwest                          15      6.0          34         20.6

South                            38     12.2          73         10.1

West                             23      7.0          69          9.0



* 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 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