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Survey of Market Absorption of Apartments (SOMA)
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Second Quarter 2004
Table 10. Characteristics of Condominium Apartments Completed in the
Last Four Quarters and of Those Reported as Sold and Remaining
for Sale in the Second Quarter of 2004.
(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 quarters and
completed sold prior to
in last 4 Standard 2nd quarter Standard
quarters error* 2004 error*
Total 36,100 4,070 23,000 3,050
Asking price:
Less than $125,000 5,400 1,820 4,000 1,350
$125,000 to $149,999 4,800 870 3,000 770
$150,000 to $199,999 5,600 750 3,400 470
$200,000 to $249,999 3,300 470 2,300 430
$250,000 to $299,999 3,400 650 2,200 480
$300,000 or more 13,500 1,900 8,300 1,240
Median asking price $233,000 $14,750 $226,700 $16,630
Units with:
Fewer than 2 bedrooms 4,000 410 2,700 360
2 bedrooms 19,900 2,760 12,800 2,310
3 bedrooms or more 12,200 2,160 7,600 1,480
Condominiums
completed in
Condominiums last 4
completed in quarters and
last 4 remaining
quarters and for sale at
sold in 2nd Standard end of 2nd Standard
quarter 2004 error* quarter 2004 error*
Total 8,500 1,050 4,600 640
Asking price:
Less than $125,000 900 300 500 340
$125,000 to $149,999 900 170 1,000 90
$150,000 to $199,999 1,300 180 900 290
$200,000 to $249,999 800 120 300 70
$250,000 to $299,999 800 310 500 130
$300,000 or more 3,900 830 1,400 250
Median asking price $274,500 $19,530 $190,800 $13,560
Units with:
Fewer than 2 bedrooms 700 130 700 90
2 bedrooms 4,600 4,600 2,400 300
3 bedrooms or more 3,200 3,200 1,500 450
*One standard error (i.e., 68-percent confidence interval).
Note: These data are for completions in the
first through fourth quarters of 2003.
Go to Detailed Tables for Second Quarter 2004 Absorptions
Contact Alan Friedman or Venus Anderson at 301-763-3199 or mail to alan.friedman@census.gov or Venus.K.Anderson@census.gov
for further information on the Survey of Market Absorption of Apartments Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: November 15, 2004
