2020 Q4 Market Report_Digital | Page 36

Suwanee | Q4 2020
DETACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

62

Total Homes
Sold

330

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
62 330 $ 554 $ 460 41 0.7
256 240 $ 481 $ 414 72 3.7
-76% + 37 % + 15 % + 11 % -43% -81%
Average List Price ( 000 )
$

554

Average Sold Price ( 000 )
$

460

Average Days On Market
41
Months ’ Supply

0.7

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Source : Trendgraphix All data believed to be accurate , but not warranted .
Suwanee | Q4 2020
ATTACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

30

Total Homes
Sold

58

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
30
58 $ 407 $ 321 51 1.4
51
50 $ 380 $ 326 66 3.3
-41% + 16 % + 7 % -1% -23% -57%
Average List Price ( 000 )
$

407

Average Sold Price ( 000 )
$

321

35
Average Days On Market
51
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

1.4

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .