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Survey of Market Absorption of Apartments (SOMA)
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Second Quarter 2004
Table 5. Absorption Rates of Condominium and Cooperative Apartments:
1998 to 2004
(Privately financed, nonsubsidized, condominium and cooperative apartments in
buildings with five units or more. Percents are computed using unrounded data)
Total Percent
condominium of all
and units in
Quarter cooperative buildings
of apartment Standard with 5 or Standard
completion complet error* more unit error*
2004
October-December
July-September
April-June
January-March\p 8,700 1,170 16 2.1
2003
October-December \r9,500 1,380 16 2.5
July-September 9,800 1,690 14 2.4
April-June 10,900 2,630 15 3.1
January-March 11,100 2,050 18 3.3
2002
October-December 12,000 1,760 17 2.5
July-September 11,300 1,500 13 1.6
April-June 8,000 2,090 11 2.7
January-March 6,100 760 11 1.6
2001
October-December 11,900 1,600 17 2.8
July-September 12,200 2,220 15 2.9
April-June 10,700 2,020 15 2.8
January-March 11,000 1,650 18 2.3
2000
October-December 9,900 1,510 13 1.9
July-September 9,700 1,510 11 1.7
April-June 8,400 1,270 11 1.9
January-March 8,100 1,440 12 2.3
1999
October-December 9,200 1,990 12 2.6
July-September 10,500 2,840 12 3.1
April-June 8,500 1,210 12 1.7
January-March 6,000 1,150 10 2.1
1998
October-December 10,400 3,150 15 4.3
July-September 9,800 2,840 13 3.4
April-June 6,900 900 9.67 1.5
January-March 7,300 1,540 12.68 2.5
Percent absorbed within-
Quarter 3 months 6 months
of Standard Standard
completion Percen error* Percen error*
2004
October-December
July-September
April-June
January-March\p 79 4.3 (NA) (NA)
2003
October-December \r76 4.1 87 3.0
July-September 75 4.0 84 3.2
April-June 76 4.1 87 2.5
January-March 69 1.3 78 1.5
2002
October-December 67 5.3 86 2.5
July-September 71 4.0 84 2.3
April-June 86 3.3 93 2.0
January-March 72 4.5 85 3.0
2001
October-December 73 4.2 85 3.8
July-September 73 4.4 81 4.3
April-June 72 6.7 82 4.6
January-March 74 3.4 90 2.3
2000
October-December 77 3.6 89 2.7
July-September 74 5.1 82 5.3
April-June 83 3.7 92 2.4
January-March 77 4.5 87 3.6
1999
October-December 78 2.6 89 1.6
July-September 65 11.9 76 10.6
April-June 82 3.3 88 2.6
January-March 87 2.0 94 1.3
1998
October-December 81 2.2 92 0.8
July-September 72 13.5 80 12.1
April-June 82.2 3.4 91.7 1.7
January-March 81.1 4.6 90.6 1.9
Percent absorbed within-
Quarter 9 months 12 months
of Standard Standard
completion Percen error* Percen error*
2004
October-December
July-September
April-June
January-March\p (NA) (NA) (NA) (NA)
2003
October-December (NA) (NA) (NA) (NA)
July-September 90 0.6 (NA) (NA)
April-June 90 2.7 96 2.4
January-March 86 1.1 94 1.9
2002
October-December 92 1.4 96 0.9
July-September 90 2.3 93 2.3
April-June 96 1.5 97 1.3
January-March 90 2.2 94 1.5
2001
October-December 90 3.6 91 3.6
July-September 88 3.8 93 2.5
April-June 90 2.5 94 2.2
January-March 94 2.0 96 1.4
2000
October-December 92 2.4 94 2.0
July-September 87 4.7 91 3.7
April-June 95 2.2 96 2.2
January-March 91 3.2 94 2.6
1999
October-December 95 1.1 98 0.5
July-September 83 11.8 84 12.0
April-June 92 1.9 96 1.0
January-March 97 1.0 98 0.8
1998
October-December 96 0.5 98 (Z)
July-September 83 11.9 86 10.4
April-June 94 1.6 96 1.3
January-March 94.5 1.3 95.9 1.2
* One standard error (68-percent confidence interval)
NA Not available. p Preliminary. r Revised.
Z Fewer than 50 units or less than one-half of 1 percent.
Go to Detailed Tables for Second Quarter 2004 Absorptions
Contact Alan Friedman at 301-763-3199 or mail to alan.friedman@census.gov
for further information on the Survey of Market Absorption of Apartments Data.
Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: November 15, 2004
