U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)

Annual 2006 Absorptions: 


Table 5. Absorption Rates for Condominium and Cooperative Apartments Completed

by Number of Bedrooms and Geographic Area: 2005



(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                81,900        100         76          86          90          93                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                



BEDROOMS



No bedrooms                  1,300         2          81          94          96          97

1 bedroom                   13,700        17          79          86          90          93

2 bedrooms                  46,300        57          73          84          89          92

3 bedrooms or more          20,600        25          80          89          92          93



REGION



Northeast                   12,200        15          57          74          82          88

Midwest                     12,100        15          59          77          84          90

South                       40,000        49          84          89          92          93

West                        17,600        21          84          93          96          98



AREA



Inside metropolitan areas   76,800        94          76          86          90          93

 In central cities          42,200        52          77          87          91          95

 Not in central cities      34,600        42          75          85          88          91

Outside metropolitan areas   5,100         6          75          87          89          90



SOURCE:  U.S. Census Bureau, Survey of Market Absorption
Go to Annual 2006 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