Question: How did the Alexandria city real estate market finish in 2020?
Answer: Each quarter we take an in-depth look at contract activity in the City of Alexandria compared to the same quarter of the previous year. Not surprisingly, the impact of COVID-19 in the spring months resulted in a decrease in contract activity compared to 2019. The first half of the year saw overall contracts decrease 7.4%, but the third and fourth quarters tell a completely different story, and the year ended with an overall increase of 12.2%!