Suwanee Real Estate Market Report

Suwanee is still your market. Homes moved in 22 days in August, and the sold-to-list ratio held at 97.4%. You're not getting the full asking price quite as often, down seven-tenths of a percent from July, but you're close. Inventory supply sits at 4.1 months, which keeps you firmly in seller's market territory. Anything below six months means demand outpaces supply. The median sold price came in at $509,700, down 13.5% from July. That's a big swing for one month, but August can be choppy and one month doesn't make a trend. Your estimated home value slipped less than one percent month over month to $564,530. Prices are softer than they were earlier in the year, down 3.3% year over year, so pricing right matters now more than it did six months ago. A home priced accurately still moves fast. One that's wishful sits.