U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2003: Table 5


	Table 5.  Condominium and Cooperative Apartments Completed and 3-Month
        Absorption Rate by Number of Bedrooms and Geography: 2003

	(Privately financed, nonsubsidized, condominium and cooperative
	apartments in buildings with five 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 absorbed
	Characteristic                  Number         Percent      within 3 months

       Total                          41,900          100              75

	BEDROOMS

	Fewer than 2 bedrooms            4,900           12              72
	2 bedrooms                      24,300           58              75
	3 bedrooms or more              12,600           30              74

	REGION

	Northeast                        4,100           10              71
	Midwest                          9,100           22              64
	South                           15,500           37              80
	West                            13,100           31              77

	AREA

	Inside metropolitan areas       31,600           76              72
	 In central city                18,800           45              63
	 Not in central city (suburbs)  12,900           31              85
	Outside metropolitan areas      10,200           24              83

Go to Characteristics of Apartments Completed: 2003
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
Last Revised: September 30, 2011