U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 1998: Table 5

    Table 5.  Condominium and Cooperative Apartments Completed and 3-Month 
              Absorption Rate by Number of Bedrooms and Geography: 1998
    
    (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                        34,300        100         79
    
    BEDROOMS
    
    Fewer than 2 bedrooms            5,700         17         58
    2 bedrooms                      21,400         62         84
    3 bedrooms or more               7,200         21         83
    
     REGION
    
    Northeast                        3,400         10         33
    Midwest                          5,400         17         88
    South                           16,100         47         84
    West                             9,300         27         83
    
      AREA
    
    Inside MA                       26,700         78         76
     In central city                12,300         36         79
     Not in central city (suburbs)  14,400         42         74
    Outside MA                       7,600         22         89

Go to Characteristics of Apartments Completed: 1998
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