U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Survey of Market Absorption
Characteristics 1998: Table 6

    Table 6.  Condominium Apartments Completed and 3-Month Absorption Rate 
              by Asking Price, Number of Bedrooms, and Geography: 1998
    
    (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                        31,400        100         83   $117,800
    
     ASKING PRICE 
    
    Less than $75,000                3,200         10         83        (X)
    $75,000 to $99,999               8,900         28         86        (X)
    $100,000 to $124,999             5,100         16         84        (X)
    $125,000 to $149,999             4,400         14         85        (X)
    $150,000 to $199,999             4,100         13         80        (X)
    $200,000 or more                 5,800         18         77        (X)
    
        BEDROOMS
    
    Fewer than 2 bedrooms            3,600         12         77   $122,300
    2 bedrooms                      20,800         66         84   $107,900
    3 bedrooms or more               7,000         22         82   $147,700
    
         REGION
    
    Northeast                        1,300          4         60   $200,000+
    Midwest                          5,100         16         87   $130,900
    South                           15,800         50         84   $103,000
    West                             9,300         29         83   $120,400
    
          AREA
    
    Inside MA                       24,100         77         81   $128,800
     In central city                11,900         38         79   $146,200
     Not in central city (suburbs)  12,200         39         84   $118,800
    Outside MA                       7,300         23         89    $90,000
    
    X Not applicable.

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