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Survey of Market Absorption of Apartments (SOMA)



Annual 2005 Absorptions:

Table 18. Absorption Rates for Condominium and Cooperative Apartments
                 by Region: 1984 to 2004
(Buildings with five units or more.)

 Year      Total    Northeast  Midwest      South       West

  3-month absorption rate

 2004         73         71         62         75         76
 2003         74         64         64         79         77
 2002         73         72         70         72         77
 2001         73         81         57         77         75
 2000         78         73         75         82         75

 1999         75         66         65         79         80
 1998         79         32         88         84         82
 1997         80         85         67         88         74
 1996         80         92         70         87         68
 1995         74         64         71         83         73

 1994         77         71         87         71         79
 1993         76         80         82         79         69
 1992         68         50         82         76         64
 1991         60         37         63         67         63
 1990         60         28         64         67         69

 1989         66         51         73         68         81
 1988         64         50         70         73         83
 1987         74         80         73         66         75
 1986         74         91         69         66         68
 1985         65         67         64         67         58
 1984         69         57         65         74         61


 Year      Total    Northeast  Midwest      South       West

  6-month absorption rate

 2004         85         83         81         86         86
 2003         84         72         76         88         87
 2002         87         86         86         86         88
 2001         84         90         81         85         83
 2000         87         84         84         92         84

 1999         86         83         75         90         89
 1998         88         47         96         92         92
 1997         92         96         93         94         87
 1996         90         96         81         94         84
 1995         83         71         81         91         82

 1994         87         75         94         84         89
 1993         85         84         90         89         79
 1992         81         57         93         92         77
 1991         74         50         88         80         77
 1990         74         47         76         79         83

 1989         77         62         82         79         90
 1988         76         64         81         80         94
 1987         83         87         82         72         88
 1986         82         94         84         72         80
 1985         77         78         76         78         75
 1984         82         88         80         83         75


  9-month absorption rate

 Year      Total    Northeast  Midwest      South       West

 2004         92         98         89         93         91
 2003         90         91         84         91         91
 2002         92         93         93         91         93
 2001         91         96         94         94         92
 2000         91         87         88         95         89

 1999         91         95         77         95         95
 1998         92         53         98         95         96
 1997         95         98         95         96         92
 1996         94         99         90         96         90
 1995         89         74         87         96         89

 1994         91         78         97         89         93
 1993         90         85         96         94         85
 1992         87         66         96         95         84
 1991         80         56         94         87         83
 1990         80         56         82         83         90

 1989         82         67         88         83         94
 1988         83         72         89         88         97
 1987         88         90         84         83         93
 1986         87         96         90         81         86
 1985         85         97         81         82         83
 1984         87         92         85         88         84


  12-month absorption rate

 Year      Total    Northeast  Midwest      South       West

 2004         96         99         92         96         96
 2003         95         98         94         97         94
 2002         95         96         97         93         95
 2001         94         96         94         94         92
 2000         94         92         91         96         92

 1999         93         98         79         98         97
 1998         94         60         99         97         97
 1997         97         99         97         98         94
 1996         97         99         95         98         93
 1995         92         75         93         97         92

 1994         93         84         99         91         95
 1993         93         85         97         97         90
 1992         90         68         98         97         88
 1991         86         68         97         91         88
 1990         85         65         87         87         94

 1989         86         72         92         88         96
 1988         86         77         93         91         98
 1987         92         92         91         88         96
 1986         91         97         94         87         89
 1985         89         98         84         87         88
 1984         91         94         90         91         89



Go to Annual 2005 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