Table 6. Absorption Rates for Condominium Apartments Completed by Asking
              Price, Number of Bedrooms, and Geographic Area: 2001

(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                   45,300        100          73          84          91          94

PRICE CLASS

Less than $100,000          7,900         17          67          91          96          98
$100,000 to $124,999        5,200         11          79          91          95          97
$125,000 to $149,999        4,700         10          72          83          90          93
$150,000 to $199,999        7,500         16          75          85          90          94
$200,000 to $249,999        4,600         10          80          84          86          88
$250,000 or more           15,600         34          70          79          88          92
Median asking price      $183,200         (X)         (X)         (X)         (X)         (X)

BEDROOMS

No bedroom                    800          2          63          72          77          88
1 bedroom                   4,500         10          69          81          88          91
2 bedrooms                 24,800         55          73          85          91          94
3 bedrooms or more         15,300         34          74          85          91          94

REGION

Northeast                   4,900         11          81          90          95          96
Midwest                     8,100         18          57          81          89          94
South                      18,300         40          77          85          92          94
West                       14,000         31          75          83          89          92

AREA

Inside metropolitan areas  40,000         88          71          83          90          93
 In central cities         17,800         39          63          77          86          91
 Not in central cities     22,200         49          76          87          92          94
Outside metropolitan areas  5,300         12          91          98         100         100

X Not applicable.