Post Content

Ask McEnearney: How Did the Real Estate Market for the Second Half of 2020 Compare to 2019?

This week’s Q&A column is written by David Howell, Executive Vice President and Chief Information Officer, of McEnearney Associates Realtors®, the leading real estate firm in Alexandria. To learn more about this article and relevant market news, contact David at 703-738-9513 or email [email protected]. You may also submit your questions to McEnearney Associates via email for response in future columns.

Question: How did the real estate market for the second half of 2020 compare to 2019 in the City of Alexandria?

Answer: The City of Alexandria rebounded from COVID-19’s impact on the market, but as is true for other close-in jurisdictions, that rebound has been a little uneven.

Total unit sales were up a very healthy 37% in the second half of 2020 compared to the same time in 2019. That increase would likely have been higher had there been more detached and attached homes to purchase. There was an average drop of 33% of these types of homes actively on the market, but it was a different story for condos.

Historically, condos make up about 40% of all the homes on the market at any given time in Alexandria, followed by attached homes at 35% and detached homes at 25%. But COVID changed that relationship almost overnight.

As the region emerged from the COVID-induced shutdowns in May, some clear patterns emerged. Attached home inventory was down an average of 22% and detached home inventory was off 44%. But condo inventory began a steady and significant climb as the charts below indicate. A high percentage of Alexandria’s condo units are in buildings with elevators, and it is clear that a growing number of the owners of these types of properties wanted to exit that lifestyle. By the end of the year, active condo inventory constituted 80% of all the homes on the market. Overall condo inventory was up 254%, and the inventory of smaller units — studios and one-bedrooms — was up even more.

That shift in the supply vs. demand equation gives condo buyers more negotiating leverage that buyers of attached and detached homes do not have in this market. And that is among the reasons that condos were on the market 32% longer in the second half of 2020 compared to the second half of 2019.

For more in-depth, local real estate news and to read our full market report for the second half of 2020, visit our website.

If you would like a question answered in our weekly column or to set up an appointment with one of our Associates, please email: [email protected] or call 703-549-9292.

McEnearney Associates Realtors®, 109 S. Pitt Street, Alexandria, VA 22314. Equal Housing Opportunity. #WeAreAlexandria

Recent Stories

This past week saw 33 homes sold in Alexandria. The least expensive condo, single-family home or townhouse sale over the past seven days was $120,000 while the most expensive was…

Alexandria City Public Schools (ACPS) is looking for suggestions from the public on how it should update its Student Code of Conduct. The Student Code of Conduct — an 83-page…

Chadwicks (203 Strand Street) is about to get really busy. From now until mid-August, it’s the strong season for the unpretentious Old Town staple that has graced the Alexandria waterfront…

Potomac Yard’s microbrewery Hops Grill and Brewery didn’t live to see the new Potomac Yard Metro station open, but the Washington Business Journal reported the location at 3625 Richmond Highway…

Are you seeking a confidential space where you can explore your emotions, overcome challenges, and find inner peace? Look no further than our dedicated psychotherapy service! We understand that life can be overwhelming at times, and we’re here to support you every step of the way.

At Peaceful Mind Solutions, our passion lies in helping individuals like you navigate life’s complexities and find the strength to thrive. Our skilled and compassionate therapist is committed to creating a warm, non-judgmental environment where you can express your thoughts and feelings openly. With our personalized approach, we tailor each session to address your unique needs and empower you to overcome obstacles.

Through evidence-based techniques and a deep understanding of the human mind, our therapist will guide you on a transformative journey of self-discovery. Whether you’re dealing with anxiety, depression, relationship issues, or simply seeking personal growth, we’re here to provide guidance and practical tools for lasting change.

Read More

Submit your own Community Post here.

Time flies when you’re having fun! The T.C. Williams High School Class of 1973 will hold its 50th reunion July 21-23, 2023 in Alexandria. All graduates and their adult nears and dears are welcome. Events include a Friday evening icebreaker, Saturday dinner dance, and a Sunday brunch. For more information:, 770.789.3534.

Submit your own Community Post here.

Spring Fling at Rising Sol Yoga School

Join us for a day of FREE hot yoga. Experience our class styles and meet our teachers. Buy a bite at the Bake Sale to benefit The Carpenter’s Shelter, peruse some special vendors, take advantage of in-person only discounts on


Subscribe to our mailing list