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Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2003: Table 6

		Table 6.  Condominium Apartments Completed and 3-Month Absorption Rate
                by Asking Price, Number of Bedrooms, and Geography: 2003

		(Privately financed, nonsubsidized, condominium apartments in buildings
		with five 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
                                                              absorbed        Median
	                                                        within          asking
		Characteristic                Number   Percent    3 months        price

	         Total                      38,900    100          74           $233,000

		ASKING PRICE

		Less than $125,000             5,900     15          75            (X)
		$125,000 to $149,999           4,700     12          71            (X)
		$150,000 to $199,999           6,600     17          68            (X)
		$200,000 to $249,999           3,500      9          82            (X)
		$250,000 to $299,999           3,500      9          78            (X)
		$300,000 or more              14,800     38          75            (X)

		BEDROOMS

		Fewer than 2 bedrooms          4,600     12          71           $241,400
		2 bedrooms                    21,600     56          74           $198,400
		3 bedrooms or more            12,600     32          74           $300,000

		REGION
   
		Northeast                      3,900     10          69           $300,000+
		Midwest                        6,500     17          56           $176,800
		South	                        15,400     40          80           $258,600
		West                          13,000     34          77           $218,100

		AREA

		Inside metropolitan areas     31,000     80          71           $233,700
		 In central cities            18,600     48          63           $300,000+
		 Not in central cities        12,300     32          84           $172,200
		Outside metropolitan areas     7,900     20          84           $229,800



		X Not applicable.

	

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