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W W W. M A I N E B I Z . B I Z 11 F E B R UA R Y 6 , 2 0 2 3 WORKING TOGETHER, WE'LL DO MORE. For more than 50 years, Penobscot General Contractors has led the commercial construction industry as a trusted partner known for our expertise, our commitment to quality and collaboration. Join us as we build a better Maine. penobscotgc.com Maine's Top 10 'hottest towns' for home sales reflect 2022's booming market B y A l e x i s W e l l s The 2022 home-buying trends for Maine real estate show that fewer homes are hitting the market, result- ing in competitive offers from demanding buyers, according to this year's "Maine's Hottest Towns" top 10 rankings. The list, compiled by Maine Life Real Estate in Scarborough, measures which towns and cities had the most significant increases in single-family home sales over the previous year. Criteria included median listing prices and median days on the market. The top 10 ZIP codes usually include the most significant increase in the number of homes sold compared to the previous year. However, only a few municipalities saw an increase in the number of homes sold from 2021 to 2002; the majority saw a decrease. According to the report, Portland, the state's most populated city, was down by nearly 30% in unit sales for 2022. "The real, deeper story here is the shortage of supply, not demand," said the release by Maine Life Real Estate. "The proof of this can be found by taking a look within sale prices. Not a single town within the report for this year saw a decrease in median sale price. Fewer homes are hitting the market resulting in competitive offers from demanding buyers." This year's report by Maine Life Real Estate looked at the towns that saw the highest boost in median sales price, where buyers are putting down their money, and where they are willing to pay for their piece of what Maine offers. MEDIAN SALES PRICE UNITS SOLD 2022 2021 % Change 2022 2021 % Change 1. Rockland $317,000 $225,000 40.89% 130 133 −2.26% 2. Kittery $594,000 $482,000 23.24% 133 188 −29.26% 3. Old Orchard Beach $445,000 $362,500 22.76% 253 333 −24.02% 4. Gray $430,000 $352,000 22.16% 139 133 4.51% 5. Westbrook $410,000 $340,000 20.59% 256 303 −15.51% 6. Kennebunk $570,000 $474,950 20.01% 269 304 −11.51% 7. Augusta $237,750 $200,000 18.88% 230 291 −20.96% 8. Waterboro $338,450 $285,000 18.75% 134 155 −13.55% 9. Lewiston $260,000 $220,250 18.05% 385 402 −4.23% 10. Waterville $200,000 $170,000 17.65% 183 179 2.23% MAINE'S HOTTEST TOWNS OF 2022 B R I E F S O U R C E : Maine Real Estate Information Services, Inc.