DENVER -- Two of the top four ZIP codes for "hottest" real estate markets are in Colorado, according to a report.
Realtor.com ranked the nation's "hottest" ZIP codes "on the time it takes properties to sell and how frequently homes are viewed in each ZIP code."
The ZIP code 80233 in Northglenn was ranked No. 3 in the country and 80916 in Colorado Springs was ranked No. 4.
Only the ZIP codes 76148 (Watauga, Texas, a suburb of Fort Worth) and 94525 (Pleasant Hill, Calif., near Berkeley and Oakland) ranked ahead of the Colorado cities.
"Homes for sale in this year’s hottest ZIP codes are selling almost as quickly as they hit the market,” Jonathan Smoke, chief economist for Realtor.com, said in a statement.
“While millennials are usually a significant presence in most markets, their sheer size and buying power have made them a force to be reckoned with in these hot ZIP codes and given them the power to shift supply and demand dynamics.”
Northglenn has a larger than normal millennial population and is in an area of economic growth with a strong job market, Smoke said. Homes stay on the market for only an average of 11 days, according to the report.
Realtor.com said the 80233, "is a perfect locale for families who enjoy an active lifestyle as its home to parts of the Greenway Trail System and 26 parks, and is located in one of the most distinguished school districts in Colorado."
Realtor.com said, "ZIP code 80916 is an outdoor enthusiast's dream, with mountains, canyons, springs, and within an hour and a half drive of popular Rocky Mountain attractions like Pike's Peak."
Homes are staying on the market in the 80916 ZIP code for an average of 17 days.
The 80603 ZIP code in Brighton and the 80501 ZIP code in Longmont made it in the top 50 of the report.
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