U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 2004: Table 5




	



	Table 5.  Condominium and Cooperative Apartments Completed and 3-Month

                Absorption Rate by Number of Bedrooms and Geography: 2004



	(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                           59,600          100              73

	

	BEDROOMS



	Fewer than 2 bedrooms            8,100           14              71

	2 bedrooms                      35,200           59              72

	3 bedrooms or more              16,200           27              77



	REGION



	Northeast                        6,900           12              71

	Midwest                          9,000           15              62

	South                           29,800           50              74

	West                            13,700           23              79



	AREA



	Inside metropolitan areas       48,500           81              71

	 In central city                29,900           50              70

	 Not in central city (suburbs)  18,600           31              72

	 Outside metropolitan areas     11,100           19              84



	Source: U.S. Census Bureau, Survey of Market Absorption 2004


Go to Characteristics of Apartments Completed: 2004
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