Skip Main Navigation Skip To Navigation Content

Survey of Market Absorption of Apartments (SOMA)



Annual 2001 Absorptions

Table 6. Absorption Rates for Condominium Apartments Completed by Asking 
              Price, Number of Bedrooms, and Geographic Area: 2000

(Privately financed, nonsubsidized apartments in buildings with 5 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)
                                     Percent            Percent absorbed in:
                                     of             3        6        9       12
  Item                    Total      Total        months   months   months   months

   Total                    36,000        100        78       87       91       94

PRICE CLASS

Less than $100,000           7,500         21        74       88       91       94
$100,000 to $124,999         5,800         16        72       82       88       92
$125,000 to $149,999         6,100         17        84       90       93       95
$150,000 to $199,999         6,300         17        79       89       92       94
$200,000 to $249,999         2,800          8        84       92       96       97
$250,000 or more             7,600         21        76       85       89       92
Median asking price       $144,400   (X)         (X)      (X)      (X)      (X)

BEDROOMS

No bedroom                     400          1        71       83       88       99
1 bedroom                    2,900          8        69       80       84       89
2 bedrooms                  22,900         64        77       86       91       93
3 bedrooms or more           9,900         27        83       91       95       96

 REGION

Northeast                    1,600          4        72       84       87       92
Midwest                      8,500         24        75       84       88       91
South                       16,100         45        81       92       95       96
West                         9,800         27        74       84       89       92

  AREA

Inside metropolitan areas   31,300         87        77       87       91       94
 In central cities          13,400         37        71       83       88       91
 Not in central cities      17,800         50        82       90       94       96
Outside metropolitan areas   4,800         13        78       87       91       91

X Not applicable.

Go to Annual 2001 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
Last Revised: September 30, 2011