Condo construction is on the rise, according to real estate data and analytics provider CoreLogic’s July MarketPulse Report.

In a brief survey of the state of the condo market across the country, CoreLogic analyst Sam Khater declares that "the condo market had clearly made the turn from the bottom and is rebounding."

Khater points to an 82 percent absorption rate for condos last year, up from 36 percent at the nadir of the market in 2008, as the key trigger giving builders confidence. And while condo prices initially shot up faster than home prices, making the median condo price higher than the median single-family home prices at times in some markets, including Boston, prices have now stabilized. Moreover, most of the distressed condo inventory across the country has now been absorbed, meaning that there price premium for new construction has shrunk, making it more attractive to buyers, Khater writes.

"Clearly the condo market is recovering in a multitude of ways, from construction volumes to price normalization, which is a good sign because condos are one of the few sources of affordable housing," Khater said.