Market at a Glance
- Both resale and new home construction activity will reach high annual levels in 2012; however momentum will slow in the second half of the year and into 2013.
- MLS sales will total 95,000 this year at an average price of $500,000.
- New home construction will reach 44,500 units in 2012 due to increased condominium apartment starts.
- Employment and net migration will slow in 2012, but are set to improve in 2013.
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