Realtor.com recently released their 2016 hottest ZIP codes report and a St. Louis zip code made the Top 10. The Crestwood, MO zip code of 63126 came in at number 8.
The top 20 rankings are determined by the amount of time it takes properties to sell and how frequently homes are viewed in each of the ZIP codes. Job creation and unemployment rates also play a role in the number of days on the market.
Other cities making the list for 2016 include Fort Worth, TX, Littleton, CO, Pleasant Hill CA, San Diego, CA, Austin TX, and Rochester, NY.
Realtor.com Chief Economist Jonathan Smoke says that homes in this year’s hottest ZIP codes list are selling nearly as quickly as they hit the market --- thanks in large part to Millennials. He says that Millennials often play a significant role in most markets, but that in these hot ZIP codes their sheer size and buying power give them the ability to shift supply and demand