Table 6. Absorption Rates for Condominium Apartments Completed by Asking 
              Price, Number of Bedrooms, and Geographic Area: 1999

(Privately financed, nonsubsidized apartments in buildings with 5 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            Percent absorbed in:
                                     of             3        6        9       12
  Item                    Total      Total        months   months   months   months

   Total                    32,500        100        78       88       93       96

PRICE CLASS

Less than $75,000           32,500        100        85       94       97       98
$75,000 to $99,999           8,400         26        79       94       97       99
$100,000 to $124,999         5,500         17        67       77       86       88
$125,000 to $149,999         4,300         13        86       93       96       97
$150,000 to $199,999         4,600         14        74       87       95       97
$200,000 or more             7,800         24        81       88       92       96
Median asking price       $127,600         (X)      (X)      (X)      (X)      (X)

BEDROOMS

No bedroom                     500          2        99       99      100      100
1 bedroom                    3,200         10        74       91       94       97
2 bedrooms                  20,200         62        77       87       92       94
3 bedrooms or more           8,600         26        82       90       97       99

 REGION

Northeast                    2,000          6        67       84       95       98
Midwest                      6,900         21        75       85       88       90
South                       12,800         40        79       90       95       98
West                        10,800         33        81       89       95       97

  AREA

Inside metropolitan areas   27,600         85        77       87       93       95
 In central cities          12,300         38        78       86       94       97
 Not in central cities      15,400         47        77       88       92       94
Outside metropolitan areas   4,900         15        82       93       98       99

X Not applicable.