Where are the hottest real estate markets in this crazy year of 2020? Realtor.com tells us to follow the zip codes as they recently released their annual market report. We have seen a lot of positive news about how real estate is leading the economic recovery as we (hopefully) emerge from the pandemic. To come up with their hot markets list, they analyzed over 16k zip codes based on time on the market and searches by zip code on realtor.com. They point out that pent up demand is driving buyers to these markets. Indeed….
“The hottest zip codes have bucked the national trend of a housing market slowdown during the COVID-19 pandemic. Even during the pandemic, homes in the hottest markets were selling at a blistering pace, with the median days on market in all of the top neighborhoods being under a month. Likewise, all of the hottest zip codes saw demand increase, with rising views per property on realtor.com compared to last year.”