diff --git a/.changes/unreleased/Under the Hood-20240621-150837.yaml b/.changes/unreleased/Under the Hood-20240621-150837.yaml
new file mode 100644
index 00000000..fab070c7
--- /dev/null
+++ b/.changes/unreleased/Under the Hood-20240621-150837.yaml	
@@ -0,0 +1,6 @@
+kind: Under the Hood
+body: Fix query timer resolution
+time: 2024-06-21T15:08:37.43527-04:00
+custom:
+  Author: peterallenwebb
+  Issue: "246"
diff --git a/dbt/adapters/events/types.py b/dbt/adapters/events/types.py
index 7d98269d..47c48da6 100644
--- a/dbt/adapters/events/types.py
+++ b/dbt/adapters/events/types.py
@@ -190,7 +190,7 @@ def code(self) -> str:
         return "E017"
 
     def message(self) -> str:
-        return f"SQL status: {self.status} in {self.elapsed} seconds"
+        return f"SQL status: {self.status} in {self.elapsed:.3f} seconds"
 
 
 class SQLCommit(DebugLevel):
diff --git a/dbt/adapters/sql/connections.py b/dbt/adapters/sql/connections.py
index f48c043d..4d450c88 100644
--- a/dbt/adapters/sql/connections.py
+++ b/dbt/adapters/sql/connections.py
@@ -86,7 +86,8 @@ def add_query(
                     node_info=get_node_info(),
                 )
             )
-            pre = time.time()
+
+            pre = time.perf_counter()
 
             cursor = connection.handle.cursor()
             cursor.execute(sql, bindings)
@@ -94,7 +95,7 @@ def add_query(
             fire_event(
                 SQLQueryStatus(
                     status=str(self.get_response(cursor)),
-                    elapsed=round((time.time() - pre)),
+                    elapsed=time.perf_counter() - pre,
                     node_info=get_node_info(),
                 )
             )