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Survey of Market Absorption of Apartments (SOMA)
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Second Quarter 2004
Table 8. Condominium Apartments Completed During the First Quarter
of 2004 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 Standard
ments Standard asking error*
completed error* price (dollars)
U.S. Total 8,600 1,170 $278,800 19,620
Inside metropolitan areas 7,000 940 $265,500 18,730
In central cities 3,700 770 $300,000+ 29,160
Not in central cities 3,300 450 $201,300 20,260
Outside metropolitan areas 1,500 830 $300,000+ 47,790
Northeast 300 90 $274,200 44,740
Midwest 1,100 360 $196,700 32,230
South 4,200 980 $300,000+ 49,270
West 3,100 590 $205,200 26,860
Standard Percent
Percent of error* sold Standard
total (Percentage within error*
units points) 3 months (dollars)
U.S. Total 100 (X) 79 4.4
Inside metropolitan areas 82 8.4 76 4.9
In central cities 43 6.8 72 6.8
Not in central cities 39 5.7 80 5.9
Outside metropolitan areas 18 8.4 94 2.8
Northeast 3 1.1 71 8.8
Midwest 13 4.0 51 11.6
South 49 7.2 89 3.4
West 36 6.4 76 8.7
* One standard error (68-percent confidence interval)
X Not applicable.
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
