Sharp decline in the $1 million-plus housing market

Sharp decline in the $1 million-plus housing market

The Tri-Cities high-end housing market is navigating a classic high-price, low-velocity environment. So far there have been fewer sales. But those who have bought are paying more, and more of them are paying cash. There were only two sales in the $1 million-plus bracket in March. The top sale was a $1,499,000 transaction in Roan Mountain. The property is a luxury craftsmanship, lodge-style estate on 15 acres. It includes a detached three-car gar…