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Market Absorption of Apartments Annual: 2007

Component ID: #ti1471602271

Introduction

The Survey of Market Absorption (SOMA) measures how soon privately financed, nonsubsidized, unfurnished units in buildings with five or more units are rented or sold (absorbed) after completion. In addition, the survey collects data on characteristics such as number of bedrooms, asking rent, and asking price.

The estimates in this report are based on responses from a sample of the population. As with all surveys, estimates vary from a ctual values because of sampling variation or other factors. All comparisons made in this report have undergone statistical testing and are significant at the 90- percent confidence level.

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