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Survey of Market Absorption of Apartments (SOMA)
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Annual 2003 Absorptions
Table 5. Absorption Rates for Condominium and Cooperative Apartments Completed
by Number of Bedrooms and Geographic Area: 2002
(Privately financed, nonsubsidized apartments in buildings with 5 units or
more. Data regarding number of bedrooms are collected at the initial
interview, i.e., 3 months following completion. Details may not sum to totals
because of rounding. Percents are computed using unrounded data)
Percent Percent absorbed in:
of 3 6 9 12
Item Total Total months months months months
Total 37,400 100 73 87 92 95
BEDROOMS
No bedrooms 800 2 45 71 85 92
1 bedroom 5,000 13 64 80 90 92
2 bedrooms 21,200 57 74 87 92 95
3 bedrooms or more 10,400 28 78 90 93 95
REGION
Northeast 3,600 10 72 86 93 96
Midwest 5,500 15 70 86 93 97
South 17,200 46 72 86 91 93
West 11,100 30 77 88 93 95
AREA
Inside metropolitan areas 31,800 85 70 85 91 94
In central cities 17,600 47 62 78 86 91
Not in central cities 14,100 38 80 93 96 98
Outside metropolitan areas 5,700 15 93 99 99 100
Go to Annual 2003 Absorptions
Contact Alan Friedman at 301-763-3199 or mail to alan.friedman@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
