Homes in these 10 zip codes are still selling above asking—even as the rest of the market cools

The suburbs are back, baby. City dwellers in the Northeast and Midwest who have been priced out or are simply looking for more room to stretch their legs are driving intense competition in nearby suburban communities. That helps to explain how Peabody, Massachusetts, a North Shore suburb of Boston, once again claimed the top spot on Realtor.com’s annual ranking of the hottest zip codes for housing. Highly motivated buyers are paying top dollar for homes that fit a couple of sweet spots: They’re located in zip codes that are roughly 10 to 20 miles outside of a major urban district, and the h...