Tri-Cities Luxury Housing Market Cools as Buyers Gain More Leverage
Posted by Liv Stevens on
Tri-Cities Luxury Housing Market Cools as Buyers Gain More Leverage
The top end of the Tri-Cities housing market has shifted in a meaningful way. Luxury homes priced at $1 million or more are still selling for about the same prices they did a year ago, but they are taking longer to sell and sellers are making larger price cuts to get deals done. That combination points to a market that is no longer moving at the speed it did during the height of post-pandemic demand. For buyers, it means more options and less competition. For sellers, it means pricing strategy matters more than ever.
Prices Are Holding, but Sales Activity Has Slowed
Eight homes priced at $1 million or more sold in the Tri-Cities last month, down from 11 sales during the same…
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