Summer finishes strong, but sellers focus on spring

The Washington real estate market remained strong in August, with data showing rising prices and increased sales. But even though low inventory drove up prices, many potential sellers still have equity losses from the housing bust and prefer to sit out an uncertain economy.

“Now that prices are appreciating, many potential home sellers are gearing up for what the early spring market brings,” said Adam Gallegos, of Arbour Realty in Arlington. “Though they would like to sell now, they are hoping to get a little bit more money out of their home by waiting for spring.”