U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)

Annual 2006 Absorptions: 

Table 6. Absorption Rates for Condominium Apartments Completed by Asking

              Price, Number of Bedrooms, and Geographic Area: 2005



(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                   80,200        100          76          86          90          93



PRICE CLASS



Less than $150,000         13,200         16          79          91          94          96

$150,000 to $199,999        9,400         12          79          89          93          95

$200,000 to $249,999        7,900         10          76          85          89          92

$250,000 to $299,999        8,200         10          73          80          85          90

$300,000 to $399,999        7,100          9          67          77          85          90

$350,000 or more           34,500         43          77          87          90          92

Median asking price      $310,700         (X)         (X)         (X)         (X)         (X)



BEDROOMS



No bedroom                  1,300          2          82          94          96          97

1 bedroom                  13,200         16          79          86          90          93

2 bedrooms                 45,200         56          73          85          89          93

3 bedrooms or more         20,500         26          80          89          92          93



REGION



Northeast                  12,100         15          56          74          81          88

Midwest                    11,200         14          58          77          85          90

South                      39,400         49          84          89          92          93

West                       17,500         22          83          93          96          98



AREA



Inside metropolitan areas  75,400         94          76          86          90          93

 In central cities         41,400         52          78          87          92          95

 Not in central cities     34,000         42          74          84          88          91

Outside metropolitan areas  4,800          6          74          87          89          89



X Not applicable.



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