BRIGHTON, N.Y. — Housing markets have cooled a bit, but the single hottest area for those wanting a house in America is Brighton.

It's the third year in a row that a Rochester-area community has made the Forbes list. The 14618 zip code tops its top 10.

Millennials are making that happen. Higher down payments and credit scores are also figured in.

Realtor Mark Siwiec focuses on what it means for the local housing market.

"There are two metrics that Inman and other places were looking at. One, affordability, and two, they’re looking at livability," said Siwiec. "So, let’s start with livability. Brighton’s a great community. I mean, you've got one of the best school districts in the entire country. You’ve got affordable housing. We will talk about that in a moment, but you’ve got great health care. You’ve got great housing. We don’t have traffic jams here. We’ve got a great and vibrant arts community. There are a lot of reasons why it is people want to move here to Monroe County, in particular Brighton."

So many buyers taking part in this rising, sizzling marketplace are coming from out of town or out of state. And some local people aren't crazy about it.

"If you’ve got $300,000 to spend on housing, and you’ve got one or two kids, what is that buying you in Brooklyn or in Manhattan?" asked Siwiec. "It’s buying you nothing. $300,000 here, that’s gonna buy you a really nice three-bedroom, two bath house and a great school district. And your not gonna have to suffer the stresses that accompany growing a family in a large city."

So what does that mean for people in the Rochester area looking to get into a place like Brighton?

"Well, there are a couple issues going on there,, but one of them is the fact that there’s no product," Siwiec said. "Seven years ago, there were 7,500 homes on the market for sale in the six county region. Today, there are fewer than 1,000. And so you couple that with this influx of people who are moving to the area for an easier, more affordable life and you’ve got the problem that we’ve been having."

The news comes as the housing market is changing, it’s cooling down. So what does that mean for the local market?

"Well, define cooling down?" asked Siwiec. "In some ways, this has become now a market of people who have a need to move or to buy a property, as opposed to a desire or a want. So there are fewer homes on the market for sale and there are fewer buyers who are out there, but there’s still not enough to satisfy the buyers who are there, and those who have this need, they are fighting as ferociously as they were three or four months ago. And for that reason, we are still seeing properties, not all, but still seeing properties selling $50,000 over asking price."

That's good news for people who have to or want to sell. Siwiec says there is still time to get in on the seller's market.

"If you’ve got a great house and a great school district, 14618, you’re still gonna be able to," he said. "It’s got to be priced appropriately though. You can’t price it high. If it’s priced appropriately, there’s still a good chance you’re gonna sell $50,000, $100,000 over asking. It’s not the norm or the way it was three months ago, but it’s still very very common."