U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)

Annual 2005 Absorptions: 

Table 5. Absorption Rates for Condominium and Cooperative Apartments Completed
by Number of Bedrooms and Geographic Area: 2004

(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                61,400        100         73          85          92          96                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

BEDROOMS

No bedrooms                    500         1          73          90          97          98
1 bedroom                    8,200        13          68          81          89          95
2 bedrooms                  36,100        59          72          85          93          96
3 bedrooms or more          16,600        27          77          87          93          96

REGION

Northeast                    6,900        11          71          83          98          99
Midwest                      9,100        15          62          81          89          92
South                       30,700        50          75          86          93          96
West                        14,800        24          76          86          91          96

AREA

Inside metropolitan areas   50,200        82          70          83          92          96
 In central cities          31,500        51          69          82          92          95
 Not in central cities      18,700        30          71          85          92          96
Outside metropolitan areas  11,200        18          84          92          94          97

SOURCE:  U.S. Census Bureau, Survey of Market Absorption
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