Metro_Denver_Market_Review_Weekly_Report

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $1,000,000 - $1,500,000 Date Range Odds of Selling Avg Daily Active New Listings Back on Market Expired Withdrawn Pending Closed Predictive MSI Active Units for % of Balance Days Until Total Showings Shows per Listing Showings to Median DOM Decrease Increase No Change $ Price Reduction % Reduction Balance Equilibrium Contracts 50 35 1.2 14.8% 51 48.0% January 12/30/2020- 41.9% 180 14 8 2 8 31 26 1.2 2021 9.9% 329 366 2.0 11.8 10 23.1% 0.0% 52.0% -$69,467 -5.4% 01/05/2021 63.3% 163 32 6 6 3 42 32 1.2 9.1% 273 712 4.4 17.0 11 31.1% 5.1% 71.8% -$75,667 -6.0% 01/06/2021- 63.6% 178 40 10 6 6 50 28 1.2 1,214 9.5% 249 786 4.4 15.7 9 19.5% 2.2% 66.7% -$89,707 -7.5% 01/12/2021 62.4% 160 43 10 9 4 43 201 754 4.7 17.5 8 24.0% 0.0% 80.5% -$112,500 -8.9% 01/13/2021- 63.7% 181 45 7 3 1,644 5 8.7% 8.0% 68.0% -$96,384 -7.4% 01/19/2021 65.7% 166 58 8 4 5 25.5% 0.0% 73.7% -$81,300 -6.4% 01/20/2021- 67.6% 160 42 13 4 1,958 4 15.1% 0.0% 74.5% -$65,833 -5.6% 01/26/2021 68.9% 159 60 4 10 5 8.2% 0.0% 84.9% -$81,375 -6.6% 01/27/2021- 72.0% 161 58 10 6 1,683 5 15.1% 2.0% 89.8% -$108,356 -8.7% 02/02/2021 73.4% 163 60 8 13 6 16.1% 1.8% 83.1% -$101,409 -7.3% 02/03/2021- 65.0% 178 41 9 7 4 55 34 1.2 2,153 8.4% 266 908 5.0 16.5 5 15.2% 1.6% 82.3% -$98,286 -7.5% 02/09/2021 74.7% 160 52 11 5 7 8.8% 4.3% 80.4% -$71,800 -4.9% February 02/10/2021- 72.2% 181 55 7 12 11 55 24 0.7 2,153 7.7% 211 909 5.5 16.5 5 13.7% 0.0% 91.2% -$70,909 -5.5% $1,000,000-$1,500,000 2021 02/16/2021 70.4% 162 66 10 11 5 6.0% 0.0% 86.3% -$168,000 -13.0% 02/17/2021- 72.1% 201 86 6 3 7 50 35 0.7 1,958 8.2% 229 803 5.0 16.1 5 16.0% 2.4% 91.6% -$80,210 -5.8% 02/23/2021 78.2% 163 71 12 4 5 15.9% 1.3% 82.7% -$63,750 -4.8% 02/24/2021- 74.9% 159 70 11 7 15 59 31 0.6 2,310 6.9% 236 1,197 7.5 20.3 4 7.3% 0.0% 84.1% -$105,000 -8.6% 03/02/2021 78.0% 178 70 7 3 5 9.7% 3.4% 89.3% -$41,753 -6.0% 03/04/2021- 75.3% 161 76 14 6 3 53 68 0.7 2,075 7.8% 197 964 6.0 18.2 5 12.5% 6.5% 83.9% -$138,000 -7.8% 03/09/2021 77.0% 179 84 12 7 4 6.5% 1.4% 86.1% -$93,333 -7.5% 03/10/2021- 76.3% 208 102 14 11 0 80 40 0.5 3,132 5.2% 306 1,106 6.8 13.8 6 13.0% 1.3% 92.2% -$77,200 -6.1% 03/16/2021 64.5% 204 52 11 8 4 10.4% 1.9% 85.2% -$57,286 -4.7% March 03/17/2021- 75.8% 199 114 11 6 5 53 47 0.8 2,075 8.6% 266 635 3.6 12.0 5.5 16.9% 1.3% 88.3% -$116,500 -8.3% 03/23/2021 70.6% 253 91 9 8 4 15.2% 2.6% 80.5% -$61,785 -4.9% 03/24/2021- 71.9% 231 80 17 6 9 63 66 0.6 2,466 6.5% 257 1,186 7.4 18.8 4.5 15.6% 3.0% 81.8% -$75,000 -5.9% 03/30/2021 69.6% 259 93 12 12 12.5 23.4% 2.6% 81.8% -$80,825 -6.5% 03/31/2021- 63.8% 247 37 10 10 5 57 64 0.7 2,232 8.1% 232 1,102 6.1 19.3 5 16.4% 4.3% 72.3% -$219,646 -12.4% 04/06/2021 65.8% 293 91 9 5 11 12.9% 1.4% 82.2% -$92,167 -7.8% 04/07/2021- 72.0% 249 92 14 1 6 56 61 0.7 2,192 7.4% 187 863 5.3 15.4 9 21.2% 1.0% 86.1% -$61,346 -5.0% 04/13/2021 67.8% 262 80 11 15 5 27.9% 0.9% 78.0% -$100,403 -8.3% April 04/14/2021- 63.8% 275 89 12 9 8 90 58 0.5 3,524 5.7% 253 1,706 8.5 19.0 5 21.2% 0.0% 72.1% -$120,189 -10.2% 04/20/2021 60.6% 289 76 10 8 9 28.8% 0.0% 78.8% -$114,007 -9.8% 04/21/2021- 63.2% 297 63 15 6 6 78 67 0.5 3,054 5.3% 244 938 5.8 12.0 10 23.9% 0.0% 71.2% -$153,950 -11.4% 04/27/2021 61.3% 306 69 10 16 10 17.2% 0.0% 76.1% -$78,625 -5.9% 04/28/2021- 61.6% 302 80 9 6 8 63 58 0.6 2,466 6.4% 200 1,062 6.7 16.9 13 27.1% 0.0% 82.8% -$74,545 -5.9% 05/04/2021 57.6% 294 45 9 11 4 18.8% 2.1% 70.8% -$73,762 -6.1% 05/05/2021- 60.5% 324 95 9 8 12 77 93 0.5 3,015 5.9% 258 1,225 6.9 15.9 5 22.2% 2.9% 78.3% -$93,846 -7.8% 05/11/2021 60.2% 322 72 7 17 5 21.7% 0.0% 77.8% -$102,632 -8.5% 05/12/2021- 60.9% 300 81 8 12 11 63 59 0.6 2,466 6.5% 180 1,088 6.8 17.3 10 27.9% 2.9% 75.4% -$80,900 -6.5% 05/18/2021 64.0% 288 65 18 2 7 29.2% 3.3% 68.9% -$75,472 -5.8% June May 05/19/2021- 64.5% 300 61 7 8 6 84 74 0.5 3,289 5.4% 227 1,412 7.9 16.8 5 15.8% 4.6% 66.2% -$84,263 -6.3% 05/25/2021 62.2% 291 63 13 5 8 31.0% 5.3% 78.9% -$74,011 -5.4% 05/26/2021- 63.8% 287 45 8 18 4 90 86 0.5 3,524 5.9% 200 1,617 7.8 18.0 13 25.5% 1.7% 67.2% -$90,800 -6.5% 06/01/2021 64.1% 270 43 9 13 5 29.2% 5.9% 68.6% -$128,231 -9.5% 06/02/2021- 66.1% 236 49 13 4 10 52 53 0.9 2,036 10.0% 204 909 4.5 17.5 15 34.1% 1.5% 69.2% -$85,789 -6.7% 06/08/2021 65.6% 222 41 16 7 13 25.5% 0.0% 65.9% -$84,599 -6.6% 06/09/2021- 69.0% 210 33 8 12 9 85 83 0.5 3,328 6.0% 175 1,402 7.0 16.5 17.5 45.5% 9.1% 65.5% -$121,929 -8.9% 06/15/2021 55.2% 198 26 9 5 5 21.2% 0.0% 54.5% -$139,890 -10.1% 06/16/2021- 67.8% 187 30 3 3 5 82 72 0.7 3,210 7.9% 207 1,464 5.8 17.9 7 25.8% 0.0% 78.8% -$67,500 -5.0% 06/22/2021 63.5% 182 31 9 5 10 24.2% 3.2% 71.0% -$80,000 -6.3% 06/23/2021- 66.5% 180 21 2 3 6 70 86 0.8 2,741 8.4% 181 973 4.2 13.9 63 42.9% 3.0% 72.7% -$176,075 -11.9% 06/29/2021 52.6% 167 11 0 19.0% 38.1% -$74,006 -5.4% 06/30/2021- 7 78 72 0.8 3,054 8.5% 187 1,361 5.3 17.4 07/06/2021 07/07/2021- 9 48 73 1.2 1,879 13.1% 243 713 2.9 14.9 07/13/2021 07/014/2021- 6 74 75 0.9 2,897 10.1% 183 1,150 3.9 15.5 07/20/2021 July 07/21/2021- 7 74 86 0.8 2,897 8.6% 175 1,105 4.4 14.9 07/27/2021 07/28/2021- 7 72 57 0.8 2,819 9.3% 197 1,064 4.1 14.8 08/03/2021 08/04/2021- 8 63 75 1.0 2,466 11.1% 152 1,117 4.1 17.7 08/10/2021 08/11/2021- 5 60 56 1.1 2,349 12.3% 168 1,131 3.9 18.9 08/17/2021 September August 08/18/2021- 16 58 73 1.2 2,271 13.1% 177 1,034 3.5 17.8 08/24/2021 08/25/2021- 10 72 49 1.0 2,819 10.9% 223 1,041 3.4 14.5 08/31/2021 09/01/2021- 19 66 71 1.1 2,584 11.7% 180 1,075 3.6 16.3 09/07/2021 09/08/2021- 6 51 49 1.3 1,997 14.7% 221 673 2.3 13.2 09/14/2021 09/15/2021- 8 69 62 1.1 2,701 12.0% 160 1,132 3.5 16.4 09/21/2021 09/22/2021- 17 63 61 1.2 2,466 13.1% 190 1,083 3.4 17.2 09/28/2021 09/29/2021- 11 78 56 0.9 3,054 9.8% 217 1,091 3.6 14.0 10/05/2021 10/06/2021- 9 64 75 1.0 2,506 11.5% 187 1,157 4.0 18.1 10/12/2021 October 10/13/2021- 6 75 54 0.9 2,936 10.2% 272 1,140 3.8 15.2 10/19/2021 10/20/2021- 8 59 64 1.1 2,310 12.6% 186 1,063 3.7 18.0 10/26/2021 10/27/2021- 8 61 64 1.1 2,388 12.0% 278 923 3.2 15.1 11/2/2021 11/02/2021- 17 54 89 1.1 2,114 12.8% 249 945 3.5 17.5 11/09/2021 December November 11/10/2021- 8 66 65 0.8 2,584 9.1% 265 1,195 5.1 18.1 11/17/2021 11/18/2021- 5 51 54 1.0 1,997 11.1% 218 989 4.5 19.4 11/24/2021 11/25/2021- 10 59 64 0.8 2,310 9.1% 359 771 3.7 13.1 11/30/2021 12/01/2021- 9 23 48 2.0 900 22.0% 141 343 1.7 14.9 12/07/2021 12/08/2021- 2 36 65 1.2 1,409 13.3% 260 665 3.6 18.5 12/14/2021 12/15/2021- 9 32 46 1.3 1,253 14.5% 188 672 3.7 21.0 12/21/2021 12/22/2021- 7 34 58 1.2 1,331 13.5% 351 457 2.5 13.4 12/28/2021 2 21 25 1.8 822 20.3% 418 199 1.2 9.5

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $1,000,000 - $1,500,000 Date Range Odds of Selling Avg Daily Active New Listings Back on Market Expired Withdrawn Pending Closed Predictive MSI Active Units for % of Balance Days Until Total Showings Shows per Listing Showings to Median DOM Decrease Increase No Change $ Price Reduction % Reduction Balance Equilibrium Contracts 33 31 1.5 16.8% 12 27.8% January 12/29/2021- 44.5% 138 13 10 2 8 21 29 0.8 2022 8.5% 209 323 2.3 15.4 7 22.2% 0.0% 72.2% -$80,020 -6.2% 01/04/2022 67.5% 140 32 5 4 13 42 26 0.6 6.1% 285 1,005 7.2 23.9 6 16.4% 0.0% 77.8% -$102,125 -7.0% 01/05/2022- 70.0% 139 46 6 4 9 58 822 287 1,185 8.5 20.4 5 8.5% 5.5% 78.2% -$105,498 -7.5% 01/11/2022 71.2% 125 37 8 11 4 6.4% 2.1% 89.4% -$123,250 -8.4% 01/12/2022- 68.4% 113 62 7 6 1,644 4.5 8.6% 2.1% 91.5% -$108,000 -8.4% 01/18/20200 72.7% 126 58 5 3 5 8.8% 1.7% 89.7% -$98,800 -7.2% 01/19/2022- 76.6% 128 54 6 4 2,271 5 9.7% 3.5% 87.7% -$98,800 -7.2% 01/25/2022 78.2% 129 62 7 10 4 6.0% 4.8% 85.5% -$59,102 -4.2% 01/26/2022- 76.9% 143 72 11 3 1 50 31 0.6 1,958 6.4% 285 1,184 9.5 23.7 4 9.7% 3.0% 91.0% -$84,775 -6.2% 02/01/2022 81.3% 132 92 8 7 4 2.4% 2.8% 87.5% -$104,286 -7.3% 02/02/2022- 75.6% 184 98 5 1 1 48 32 0.5 1,879 6.0% 179 1,267 11.2 26.4 4 9.9% 91.7% 6.0% -$95,200 -6.5% 02/08/2022 77.1% 184 69 4 9 4 9.7% 2.8% 87.3% -$73,586 -5.3% February 02/09/2022- 74.0% 185 77 8 4 1 61 32 0.5 2,388 5.3% 252 1,310 10.4 21.5 4 8.1% 1.4% 88.9% -$108,579 -8.1% 02/15/2022 81.4% 195 110 3 7 4 13.2% 1.2% 90.7% -$58,876 -4.4% 02/16/2022- 78.0% 213 128 15 6 7 62 44 0.5 2,427 5.3% 269 1,620 12.7 26.1 5 15.4% 0.0% 86.8% -$105,264 -7.3% $1,000,000-$1,500,000 2022 02/22/2022 74.7% 207 83 14 6 4 8.8% 6.2% 78.5% -$65,500 -5.1% 02/23/2022- 76.6% 264 137 7 6 5 69 52 0.4 2,701 4.8% 261 1,141 8.8 16.5 4 11.6% 4.4% 86.7% -$58,500 -4.5% 03/01/2022 74.1% 279 148 16 15 5 17.7% 3.2% 85.3% -$126,536 -8.7% 03/02/2022- 70.9% 311 114 18 30 6 71 72 0.5 2,780 5.1% 223 1,734 12.1 24.4 4 11.8% 3.1% 79.2% -$105,530 -7.5% 03/08/2022 64.4% 382 168 22 16 4 14.5% 0.0% 88.2% -$97,596 -7.1% 03/09/2022- 68.3% 389 162 15 15 4 74 71 0.4 2,897 4.6% 194 1,638 12.4 22.1 8 25.0% 0.9% 84.5% -$92,779 -6.8% 03/15/2022 64.5% 375 95 13 14 6 21.1% 1.3% 73.8% -$97,800 -7.4% March 03/16/2022- 67.2% 368 159 22 7 6 88 65 0.5 3,445 5.3% 222 1,545 8.4 17.6 7 27.0% 2.1% 76.8% -$168,975 -10.4% 03/22/2022 61.4% 418 142 28 10 7 17.5% 1.1% 71.9% -$100,298 -7.4% 03/23/2022- 60.7% 464 116 22 13 2 77 69 0.5 3,015 6.1% 272 1,542 8.4 20.0 10.5 32.4% 0.0% 82.5% -$125,715 -8.9% 03/29/2022 57.2% 478 120 17 17 14.5 35.4% 2.9% 64.7% -$154,668 -9.8% 03/30/2022- 47.1% 508 60 16 10 7 76 71 0.6 2,975 6.2% 230 1,299 7.0 17.1 14 38.6% 0.0% 64.6% -$80,735 -6.2% 04/05/2022 55.9% 519 134 18 12 19.5 46.3% 0.0% 61.4% -$110,039 -8.3% 04/06/2022- 54.4% 538 123 31 11 5 93 120 0.5 3,641 5.4% 214 1,534 7.9 16.5 10.5 33.8% 1.3% 52.5% -$112,592 -8.3% 04/12/2022 46.1% 594 82 19 26 16.5 50.0% 0.0% 66.2% -$118,261 -8.4% April 04/13/2022- 47.8% 586 86 23 7 7 114 84 0.4 4,463 4.8% 208 1,887 8.9 16.6 15 39.1% 0.0% 50.0% -$124,518 -8.6% 04/19/20220 46.8% 534 69 18 19 21 47.1% 0.0% 60.9% -$84,708 -6.2% 04/20/2022- 49.4% 600 79 15 18 6 73 85 0.7 2,858 7.2% 192 766 3.7 10.5 24 50.0% 1.2% 51.8% -$115,905 -8.3% 04/26/2022 47.2% 545 83 26 14 28 40.4% 0.0% 50.0% -$93,860 -7.0% 04/27/2022- 47.9% 541 57 13 27 5 127 91 0.5 4,972 5.3% 229 1,527 5.8 12.0 17 33.3% 1.8% 57.9% -$140,966 -9.7% 05/03/2022 43.9% 523 62 15 9 6 32.3% 2.1% 64.6% -$119,363 -8.8% 05/04/2022- 48.4% 526 105 14 15 12 101 100 0.6 3,954 7.1% 157 1,569 5.6 15.5 12 34.7% 1.6% 66.1% -$98,783 -7.2% 05/10/2022 49.0% 554 82 18 9 16 36.4% 0.0% 65.3% -$154,436 -10.5% 05/11/2022- 43.2% 545 81 14 40 10 108 103 0.7 4,228 7.4% 208 1,084 3.5 10.0 15 46.8% 0.0% 63.6% -$174,694 -11.1% 05/17/2022 43.7% 560 64 15 19 14 29.6% 0.0% 53.2% -$121,143 -8.6% May 05/18/2022- 42.2% 548 70 14 16 11 117 96 0.8 4,581 8.3% 155 1,569 4.1 13.4 11 21.6% 0.0% 70.4% -$122,625 -9.2% 05/24/2022 37.5% 547 67 10 20 25 45.3% 2.7% 75.7% -$85,238 -5.6% 05/25/2022- 37.2% 553 61 6 34 21 117 110 0.8 4,581 8.5% 166 1,460 3.8 12.5 28 40.5% 0.0% 54.7% -$98,138 -7.1% 05/31/2022 35.8% 524 47 10 16 22 46.5% 2.7% 56.8% -$77,851 -6.0% 06/01/2022- 39.5% 509 44 14 21 18 81 103 1.1 3,171 11.8% 181 1,017 2.7 12.6 34 59.5% 0.0% 53.5% -$105,264 -7.8% 06/07/2022 39.2% 488 46 10 20 28 48.6% 0.0% 40.5% -$99,817 -7.4% 06/08/2022- 40.0% 474 48 7 11 19 98 104 0.9 3,837 9.6% 134 1,180 3.2 12.0 21.5 30.0% 2.7% 48.6% -$139,339 -10.1% 06/14/2022 27.5% 456 13 4 46 37.5 50.0% 0.0% 70.0% -$65,833 -5.0% June 06/15/2022- 38.0% 440 31 10 12 21 95 69 1.0 3,719 11.2% 136 1,365 3.3 14.4 32 40.4% 0.0% 50.0% -$131,875 -9.5% 06/21/2022 40.1% 403 30 9 17 40.5 54.2% 2.1% 57.4% -$115,535 -8.6% 06/22/2022- 37.0% 370 23 7 11 13 87 93 1.2 3,406 13.6% 149 1,074 2.3 12.3 62.5 66.7% 4.2% 41.7% -$109,278 -8.2% 06/28/2022 24.4% 342 7 7 60 43.5 61.1% 0.0% 33.3% -$116,231 -8.7% 06/29/2022- 27.3% 331 17 7 21 74 90 1.5 2,897 16.5% 124 1,084 2.3 14.6 0.0% 38.9% -$85,899 -6.6% 07/05/2022 07/06/2022- 11 48 71 2.4 1,879 27.0% 126 728 1.4 15.2 07/12/2022 07/13/2022- 10 88 76 1.4 3,445 15.1% 135 1,108 2.1 12.6 07/19/2022 July 07/20/2022- 17 83 79 1.5 3,249 16.6% 123 1,056 2.0 12.7 07/26/2022 07/27/2022- 18 70 56 2.0 2,741 21.7% 149 1,003 1.7 14.3 08/02/2022 08/03/2022- 19 72 75 1.9 2,819 20.8% 144 1,050 1.8 14.6 08/09/2022 08/10/2022- 16 70 44 1.8 2,741 19.5% 178 1,136 2.1 16.2 08/16/2022 September August 08/17/2022- 16 88 65 1.6 3,445 17.4% 212 1,059 1.8 12.0 08/23/2022 08/24/2022- 18 77 51 1.6 3,015 18.1% 159 1,029 1.9 13.4 08/30/2022 8/31/2022- 9 61 66 2.0 2,388 22.7% 185 963 1.8 15.8 09/06/2022 09/07/2022- 20 48 67 2.5 1,879 27.8% 123 739 1.4 15.4 09/13/2022 09/14/2022- 18 65 57 1.9 2,545 20.7% 119 1,018 1.9 15.7 09/20/2022 09/21/2022- 19 79 58 1.6 3,093 17.9% 178 979 1.8 12.4 09/27/2022 09/28/2022- 16 48 54 2.6 1,879 29.0% 98 927 1.7 19.3 10/04/2022 10/05/2022- 16 49 82 0.0 1,918 0.0% 22 825 1,887.6 16.8 10/11/2022 October 10/12/2022- 13 57 49 2.2 2,232 24.6% 140 897 1.6 15.7 10/18/2022 10/19/2022- 15 38 47 3.3 1,488 36.8% 86 772 1.4 20.3 10/25/2022 10/26/2022- 23 57 30 2.2 2,232 24.8% 176 738 1.3 12.9 11/01/2022 11/02/2022- 17 38 48 3.2 1,488 35.2% 119 678 1.3 17.8 11/08/2022 December November 11/09/2022- 29 47 40 2.5 1,840 27.7% 161 703 1.4 15.0 11/15/2022 11/16/2022- 20 38 48 3.0 1,488 32.8% 125 594 1.2 15.6 11/22/2022 11/23/2022- 14 37 49 2.9 1,449 32.7% 124 509 1.1 13.8 11/29/2022 11/30/2022- 14 20 24 5.2 783 58.2% 135 300 0.7 15.0 12/06/2022 12/07/2022- 12 47 43 2.2 1,840 23.9% 239 591 1.3 12.6 12/13/2022 12/14/2022- 14 48 22 1.9 1,879 21.4% 265 550 1.4 11.5 12/20/2022 12/21/2022- 18 26 34 3.3 1,018 36.3% 71 365 1.0 14.0 12/27/2022 12/28/2022- 9 13 16 6.0 509 67.2% 84 171 0.5 13.2 01/03/2022 13 18 33 4.2 705 0.46970342 109 314 0.948640483 17.44444444

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $1,000,000 - $1,500,000 Date Range Odds of Selling Avg Daily Active New Listings Back on Market Expired Withdrawn Pending Closed Predictive MSI Active Units for % of Balance Days Until Total Showings Shows per Listing Showings to Median DOM Decrease Increase No Change $ Price Reduction % Reduction Balance Equilibrium Contracts 14 29 3.0 33.0% 27 39.1% 01/04/2023- 38.3% 310 37 13 12 5 24 20 1.5 2023 16.7% 88 610 2.0 25.4 45 44.7% 0.0% 60.9% -$104,376 -7.7% 01/10/2023 44.6% 321 48 15 7 12 49 18 1.4 15.4% 178 829 2.6 16.9 14 29.4% 0.0% 55.3% -$81,781 -6.3% 01/11/2023- 47.0% 313 37 8 16 9 52 940 268 628 2.0 12.1 22 43.2% 0.0% 70.6% -$143,473 -10.3% 01/17/2023 44.8% 289 39 8 11 13 24.1% 2.7% 54.1% -$124,059 -8.2% 01/18/2023- 49.0% 283 60 9 5 1,918 6.5 30.4% 1.9% 74.1% -$104,247 -7.9% 01/24/2023 52.7% 290 69 6 8 8 16.3% 0.0% 69.6% -$107,143 -7.4% 01/25/2023- 48.8% 308 58 12 2,036 0.0% 83.7% -$108,729 -8.4% February January01/31/2023 02/01/2023- 4 39 28 1.7 1,527 18.9% 185 702 2.4 18.0 $1,000,000-$1,500,000 202302/07/2023 02/08/2023-02- 4 57 16 1.1 2,232 12.7% 198 892 3.2 15.6 14/2023 6 47 33 1.4 1,840 15.8% 145 887 3.1 18.9 02/15/2023- 02/21/2023 13 45 30 1.6 1,762 17.5% 146 927 3.0 20.6 02/22/2023- 02/28/2023

Metric 0 0.0 100 1.0 200 2.0 300 3.0 400 4.0 500 5.0 600 6.0 700 COVID-19 Market Metrics $1,500,000 Greater Metro Denver Attached and Detached Residential $1,000,000- Current 01/01/2020-01/07/2020 11..1551.6.7122..9.002.22.52.83.1 Predictive MSI WOW 01/29/2020-02/04/2020 1 Year Ago 02/26/2020-03/03/2020 03/25/2020-03/31/2020 Predictive 04/22/2020-04/28/2020 000000000000000.0000..00000....4.....0440.05..50.055.5555..5.00.5.0..55505056.6000.00606006.6..600.0.6.7707..0..07.7..0.0..0700778..8.8888881..1188.18...1..91919119999.19..1.1.011.1.0100..101.11.11.1..1.1.1111..1221212122..11.1..11.33.13.3144.1.4.411.1.114.451.551.515...11..16.66161.6611.71.1.17.7..778.2.22.88..28822999...2.0.0.02202002.21.2...2.222222.222322...2442..42..5.555.62.66.823..9033.32..33 4.04.44.7 5.5 MSI 05/20/2020-05/26/2020 4.2 5.1 1.6 06/17/2020-06/23/2020 10.9% 07/15/2020-07/21/2020 Coming Soon 08/12/2020-08/18/2020 266.1% 09/09/2020-09/15/2020 10/07/2020-10/13/2020 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 11 Coming Soon 11/04/2020-11/10/2020 -8.3% 12/02/2020-12/08/2020 -42.1% 12/30/2020-01/05/2021 01/27/2021-02/02/2021 308 Avg Daily 02/24/2021-03/02/2021 Avg Daily Active 6.2% Active 03/24/2021-03/30/2021 138.8% 04/21/2021-04/27/2021 05/19/2021-05/25/2021 58 New Listings 06/16/2021-06/22/2021 New Listings -15.9% 07/14/2021-07/20/2021 -6.5% 08/11/2021-08/17/2021 09/08/2021-09/14/2021 12 Back on 10/06/2021-10/12/2021 Back on Market 100.0% Market 11/03/2021-11/09/2021 71.4% 12/01/2021-12/07/2021 12/29/2021-01/04/2022 8 Expired Withdrawn 01/26/2022-02/01/2022 Expired 60.0% 02/23/2022-03/01/2022 100.0% 03/23/2022-03/29/2022 04/20/2022-04/26/2022 13 05/18/2022-05/24/2022 Withdrawn 116.7% 06/15/2022-06/21/2022 160.0% 07/13/2022-07/19/2022 08/10/2022-08/16/2022 Pending 09/07/2022-09/13/2022 Pending 10/05/2022-10/11/2022 45 11/02/2022-11/08/2022 -4.3% 11/30/2022-12/06/2022 -34.8% 12/28/2022-01/03/2023 01/25/2023-01/31/2023 1.92.2 3.3 5.2 4.2 6.0 1.1111..144.5.16.7 3.0 Closed Closed 30 -9.1% 7.0 -42.3% $1,000,000-$1,500,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $1,000,000-$1,500,00024.224272722%28.88.93359....5%3813%91.38%2%.2%%20%.3..3234%7533335%533%3%.663377.0.7777383..8338..%3..544644.400%9%9242.4995.9%00%000034%%4..%0%440..%.22..%..5.64%119.20012.2434%%749%%34.4.%.4%%%.%3%389%412%.444444.4.2%4%.%44%74..96464.24644446%5668747%7%4.47.74%744.47477744.4%%0.1%.8.4.688..859.9909.19...29599%%4565.%589995%.5.%0...%.4%.%.0..7585%%0%10111%52%%%513341.5%.%2%23%.%%%.2%25.%7%%.351245..%5.4.%5224.5%%67%%05.5%%5.55%1%54%..7.27%77%9.%.6.6%626%466660600%06%06%11.16.6..626.26626656.667..6966633334.63%633.33%4%4%6264%64444..6%%.65.%6....2.3.55%65.5678%.8..8606616.664555%%6%.60%..7%%%%.%767%6.677.%8%%%16883%.57.8.97%.7%%27%95.6.%78%0..0374077%770.%9%01%7.6.%1%.227202.%%4.72679%.772..3.%7.%794.%0041727%44%7.74775%.%%.47%57%75..0%16.6677.7777%69.77.3%%.68..88%%88.3%..66%9%01%....%88%%0022%%%11%%%%..34%% 01/29/2020-02/04/2020 Odds of Selling by Week Current 02/26/2020-03/03/2020 WOW 03/25/2020-03/31/2020 90.0% 1 Year Ago 04/22/2020-04/28/2020 80.0% 05/20/2020-05/26/2020 70.0% Odds of 06/17/2020-06/23/2020 60.0% Selling 07/15/2020-07/21/2020 50.0% 48.8% 08/12/2020-08/18/2020 40.0% -4.0% 09/09/2020-09/15/2020 30.0% -29.5% 10/07/2020-10/13/2020 20.0% 11/04/2020-11/10/2020 10.0% 12/02/2020-12/08/2020 12/30/2020-01/05/20210.0% 01/27/2021-02/02/2021 02/24/2021-03/02/2021 03/24/2021-03/30/2021 04/21/2021-04/27/2021 05/19/2021-05/25/2021 06/16/2021-06/22/2021 07/14/2021-07/20/2021 08/11/2021-08/17/2021 09/08/2021-09/14/2021 10/06/2021-10/12/2021 11/03/2021-11/09/2021 12/01/2021-12/07/2021 12/29/2021-01/04/2022 01/26/2022-02/01/2022 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 $1,000,000-$1,500,000

0 1,000 2,000 3,000 4,000 5,000 6,0A00ctive vs. Balanced Market $1,500,000 Greater Metro Denver Attached and Detached Residential $1,000,000- See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 01/01/2020-01/07/2020 11111111111111111111111111111111111111112222221222222232334422222222552666266266662662222227777288228888828222822222929339930303030331313333323526383923338390343445535335599600061162333333336677773773388883980088113243483588879939994349450084901044071814414013144242222843146544544455758954041555543556445923446667748400274454598818243384487989901935544.597060006255565186601..21356156255521246561356546.5561255.44465.5.0.55..4.55676.688667780077577785.23487995901765.2.08033.733.703300410..45182.026622473.7743.4.0744.447799%55056068821841%%9.234889883.84888480195%858.0%771%%.%.8%%99%2%91932246.92941.9%81.55782%%34%4%04.9%.%9%777..7.6%98..%.49%9.%.10100112888812%6631..44%.55566%8%%.1.8881%111.%119.%005501%2522220%611%9.%1%8%%%9%1%160913331%3%1%1102.1.11.1.%2222.%11,1411%1%2020111.412720.%.2.0422,.9113.30311.1132.1%.%103111%5%3%9.17518..11.100.1%,,31...4%111%41.6%814748111.,,,%1.115117%1115%3155,1%%55111116%5.,,,.6%1%6.%211.%686613.3%6%116%5.22216111%6..67.8%777,71%.1121.74.417,11.5.3.11117558.77.%15558%,1,80.11.%83111%225553.8%,5622%8441.7%%24.8882%3,,,19.%4.11.29333.922.%49%.57,,,%%%444.118%9%900.0200,1%0%2555..120212%4.42,,0.7.00511%.%02992888,,61%2%6611%..3%1994%5.%222,1.11%66192.200%..6,,22%%631111288862%200,,7%2.%88771111111%777..2.244,.77211113%%462%.78%,,,,7.863811111.055%4%%222,,,,,,,34888811154447664,,,,.%5888888822%3%2%.0,,,,,%29999422.3352%.4444,,,%.929999922%22.22.77777772,,22499962261681111%,,.070022220000%755555,,00%222227699999997277%999.,,%11222.%8888%.338,,,611222.88888877,,,,9.%.011129..37774311,,,2222222227766.88%55,,,2222222%55.%4999,.033322222%04433330,,,,,%%32%22%3333777,,,,3333332222%222.111,,,,,.444422222222%4%,,62244444281113388888,,,,4550002222,,,,55553229%..66666,%.555522248888860074862377770344454,,3222666668888,,,.772.66%8%2,6%777222256555.596,,,724444200,8882.3.444,,,,%.8333%.48,388883336%118111,931115,,,93%0%9999,,,%0003%9993,000387,037777111,136555,1359,25553,2344447,233331324,43318,,,40424449.,,390855784443,6%22.6555,3074445,%31811,939.7754%4,5257428.,44804.6,,2%6551%388.1114%,6977.22% 01/29/2020-02/04/2020 Current 02/26/2020-03/03/2020 WOW 03/25/2020-03/31/2020 1 Year Ago 04/22/2020-04/28/2020 05/20/2020-05/26/2020 Avg Daily 06/17/2020-06/23/2020 Active 07/15/2020-07/21/2020 308 08/12/2020-08/18/2020 6.2% 09/09/2020-09/15/2020 138.8% 10/07/2020-10/13/2020 11/04/2020-11/10/2020 -34.8% -4.3% 1,762 Active Units 12/02/2020-12/08/2020 for Balance 12/30/2020-01/05/2021 01/27/2021-02/02/2021 12.7% 1.7% 17.5% % of Balance 02/24/2021-03/02/2021 Avg Daily Active 03/24/2021-03/30/2021 04/21/2021-04/27/2021 Active Units for Balance 05/19/2021-05/25/2021 06/16/2021-06/22/2021 07/14/2021-07/20/2021 08/11/2021-08/17/2021 09/08/2021-09/14/2021 10/06/2021-10/12/2021 11/03/2021-11/09/2021 12/01/2021-12/07/2021 12/29/2021-01/04/2022 01/26/2022-02/01/2022 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% $1,000,000-$1,500,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 0000110010011010001100100000001000001100019172942641271550025082241872391213366811/////////////////////////////////////////2201022120011220013212321101102002210220200737624597930412522900656868191545418373/////////////////////////////////////////22222222222222222222222222222222222222222000000000000000000000000000000000000000002222222222222222222222222222222222222222211202021220002100022121010212210010120311-----------------------------------------0001101101000000000000000000110100000001047193105829943118421336286035750671232112/////////////////////////////////////////0012101110112231220000022000313021222210038178126154348487903694023270511656731192/////////////////////////////////////////22222222222222222222222222222222222222222000000000000000000000000000000000000000002222222222222222222222222222222222222222200222222121110201000201010232111202100003110..5.01611701111..11.1111.191110111.10..1011..11104...22...1221..1..11...113.31.33..331114.1444..44.4141115551..5.1.5125.2.7.22.22..2226.6.777727.22.7..288.88...9.228.2.19299..2.9..22299020..2.00200.2011.221.11.5.2.22...22.223.23.3223.1334142..2144..52...155...63646.63.7.57773.1203387823.95.3253.09013.3.3310.3332223.323.333913....43384...5535.53.5..36.664.64.73.3747738..4880.39.9114.42044413.3103433234..43...66474435588.555652713445..5.005515..5553543.5755505.05562.65..6357894885.52566.50676656016969636061511166261246363066.606365767.7.176860777.587777877788.98.7177775007070.0203118727572727333.71723338723.7457577786228557789.848.89.9988860129968828287833883888..58696945.79994.488895999593979020009..729222999783993389994993967766611167875811111811.13314,,,1139511,,,,,010019111,,1,0000011,,100111,0101,000,0,,,1,0111111110,,00001022,,,03,1,300544111000,51,7710,888,055.166,69916141117712,4,1,8880,,896119111,12134107,10101014511344181,1,3,3,3125446,8,111517511.126,011828808279911,04561252721,,5261311.2197,12,1.133490.,,6764114150,,14421121166,11,,,505455,,2115534417,,4662566,699112317,078,703641,887 Greater Metro Denver Attached and Detached Residential $1,000,000- $1,500,000 Current $1,000,000-$1,500,000 Showings WOW 1 Year Ago 1,800 1,600 Total 1,400 Showings 1,200 1,000 927 4.5% 800 -18.8% 600 400 Shows per 200 Listing 3.0 0 -1.6% -66.0% Total Showings 14.0 12.0 10.0 8.0 6.0 4.0 2.0 0.0

0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 Greater Metro Denver Attached and Detached Residential $1,000,000- $1,500,000 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 01/01/2020-01/07/2020 91111111222922222922222223333333333333333334444444444444444444444444455555355595555566557558855555550005551111.5552.3666666466665666666667666666669960001662227777477757667777778887999777107771117228384485586877778888888899998000008881111.22993344559666777798889990911111222233333441555566667990005112223444456777188890111234578880001351801011111.201104847750127.275255.1190110171211119111811111111153..113.3.12351222422.21155201131..61112.122.....883.312213.002210004203031341211.23.1662.1.273..243.8814513.31.6663156.3.267.414338183..319.31.01115125.23..355.34144145444517.5.1050.1584.4281.51.4911351014117049110451.551.2146612.144563746446.564546515.101569695566.03151.561..11115.11.1.1.18.125.55615918.62134.99.63106905.15906.560505656035511751251.2.65.57768701177557.75.1774.1448..8.8.167.6551.77117115..11707051606667602.361.61786778217576.1287.196331667736663113263..811072.3.5165772.26886116.13226..775.3.1.869.471848554518115751.69819891.10677.7.127.718.768289772781.1971737838773..0.11.11881712.18256.19.9.76371.79.49975..3884448985995895.18691939801.7.8.900027...829789999222.218.17189303.308091.948991191236216616177181.88.768.171191111851584119151933,4.,1.,1..3199,,.9,,,1100018901919191,,.,00000.011,,111002,11.01.21,00,0.00,,,19,1101311311,10,20241000,,,2200,32,00110134541,0.1001,,502,07788851050,6616189961.1140.7,7,121,8,882,0108012910161,.19.123,4011117000.45133113440,.84,11,,313322,44,561681115751.1.1,2611019880880279921,.10456225572,,52621213.21972,2,1112339..,0,.276764114923150,,1344.21211217.664,119,,,50545.5,,14125523414,,7665426,566299.11242316,70678,.71.04362471.,5887 Showings vs. Contracts 01/29/2020-02/04/2020 Current 02/26/2020-03/03/2020 WOW 03/25/2020-03/31/2020 1 Year Ago 04/22/2020-04/28/2020 05/20/2020-05/26/2020 Total 06/17/2020-06/23/2020 Showings 07/15/2020-07/21/2020 08/12/2020-08/18/2020 927 09/09/2020-09/15/2020 4.5% 10/07/2020-10/13/2020 -18.8% 11/04/2020-11/10/2020 12/02/2020-12/08/2020 Pending 12/30/2020-01/05/2021 01/27/2021-02/02/2021 45 02/24/2021-03/02/2021 -4.3% 03/24/2021-03/30/2021 -34.8% 04/21/2021-04/27/2021 05/19/2021-05/25/2021 Shows to 06/16/2021-06/22/2021 Total Showings Contracts 07/14/2021-07/20/2021 08/11/2021-08/17/2021 21 09/08/2021-09/14/2021 9.2% 10/06/2021-10/12/2021 24.6% 11/03/2021-11/09/2021 12/01/2021-12/07/2021 12/29/2021-01/04/2022 Pending 01/26/2022-02/01/2022 02/23/2022-03/01/2022 Showings to Contracts 03/23/2022-03/29/2022 04/20/2022-04/26/2022 28.0 05/18/2022-05/24/2022 26.0 06/15/2022-06/21/2022 24.0 07/13/2022-07/19/2022 22.0 08/10/2022-08/16/2022 20.0 09/07/2022-09/13/2022 18.0 10/05/2022-10/11/2022 16.0 11/02/2022-11/08/2022 14.0 11/30/2022-12/06/2022 12.0 12/28/2022-01/03/2023 10.0 01/25/2023-01/31/20238.0 $1,000,000-$1,500,000

01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $1,000,000-19 5579 01/29/2020-02/04/2020 $1,500,00012 02/26/2020-03/03/2020 Median Days on Market for Pending Home Sales115620 03/25/2020-03/31/2020 04/22/2020-04/28/2020 9058919 05/20/2020-05/26/2020 803 06/17/2020-06/23/2020 701168 23 07/15/2020-07/21/2020 60 31 40 08/12/2020-08/18/2020 509910121114451720 09/09/2020-09/15/2020 4011 1290 30 10/07/2020-10/13/2020 309 30 11/04/2020-11/10/2020 20 2527 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 12/02/2020-12/08/2020 109 1215 19 26 34.5 12/30/2020-01/05/2021 1178 39 44 01/27/2021-02/02/20210 02/24/2021-03/02/2021 111.45 20.5 36 43.5 03/24/2021-03/30/2021 2233 04/21/2021-04/27/2021 05/19/2021-05/25/2021 25 06/16/2021-06/22/2021 07/14/2021-07/20/2021 44444445555555555555555555566.7775.88599911111110000011111123331.5517.5 51 08/11/2021-08/17/2021 Current Metric 09/08/2021-09/14/2021 WOW 10/06/2021-10/12/2021 1 Year Ago 11/03/2021-11/09/2021 12/01/2021-12/07/2021 8 DOM 12/29/2021-01/04/2022 23.1% 01/26/2022-02/01/2022 60.0% 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 44444444444445555566.77758 11.5 63 05/18/2022-05/24/2022 6 62.5 06/15/2022-06/21/2022 1100..115514415.651.5291.524 28 07/13/2022-07/19/2022 17 08/10/2022-08/16/2022 1112114156 222528 09/07/2022-09/13/2022 21.5 28 34 10/05/2022-10/11/2022 11/02/2022-11/08/2022 32 37.5 11/30/2022-12/06/2022 40.5 12/28/2022-01/03/2023 43.5 01/25/2023-01/31/2023 14 27 45 68.5 13 22 $1,000,000-$1,500,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric 01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $1,000,000-66666788818888.99..99191..81.1111000..145.0....13111..1..1.1111211516.1882811123133%%77%77193%1%1.714%55155.15.%5%515%46%6%%.%6266..6..2%%%%67%228.272272%258.29220..28..39..72.9.2%.2..0.5.2222.11220%.411%61.11228.90121122%3.2442%222%29%.%.23%5.27323.2%3442224%%8%%.1%..%.2..552%52%%.5.%5522%0.%22%522..56%338%113.2%227%.3337.6373%30...722773.3%%33831..8%834...99%999.099333.1.2003%33%%30%%%00.3000.%315%5511%8.%%9..31033122.2%..0%31%..33..%%..333%899%3..33334.6%%488....4%%%.223.44%66%5.%5533.00...4%6888%04614643...%%%64744874...441.3%44.%%.%%8%%%%333...994%%889441%4.%%%%70.%0.0%443%1444.114%.111%%4%144.774%%%4..234454%%%343%%.%.64.444%.44%..%11.4..5.5%%44%565556.0%0066%26.447.7%78..5..%%98524..%%%53.0004.%77%%..5%.%%.3%5..325%77.82%1%930%...%5%%46%%%000.5%%%%.%%.%607.%56%%%921%.%%6.7%.561%%.%7% 99999998878882881118181808888889939988888.888..8.78.78.7.86662886866.786.85..2.88505.574.4.888847.73.4338.93...%77232772.277..%2%27%77%5711.7%37..77%.8777.37011%00.7%%.%.%07573%2.7999.7%.588%.887.1.8%987%87..8%877771%7%%787%56.%.%.6327.886%67%7%757%7..5%....55754%.7%.74.%0.7...47774%3772.26%%9966%88..%666%52326%%.61.02628826.1163.6.8%1%%7160.%021666.000.7.006%666%946%%99%%069996%.6%%58%8%.8.%%1.66680666.8.8%7%.%66.77.6.%%63...666216%9..668666.%5..%52...56058.6%.6.%444444.%44466%00.8.6533222.%3983%6...%%42%25....%0559..%.1%25.%1%55%%%777......00%%2211%559%%6..%%%53.%%.%777%56.66.85%88%55665.%7555.3177%%%5..75555%%%%66%%5%7%455%%%5%%%99.5..5454%%4.444%%.555.3%3%833.66.2%49%24414.%%.4817.0.....000.3.%..0%%75.38%111.4%%.7534227%.%.540...84%%1%49%%.%%%40004.%%4%%.%62%3%925%31%.%%%0.%.84%.0%8.93.37.%5%.%39%1%%.%%3% WOW 01/29/2020-02/04/2020 $1,500,000 1 Year Ago 02/26/2020-03/03/2020 Price Reductions for Pending Transactions 03/25/2020-03/31/2020 16.3% Decrease Increase No Change 04/22/2020-04/28/2020 100% -14.2% 05/20/2020-05/26/2020 90% 6.6% 06/17/2020-06/23/2020 80% 07/15/2020-07/21/2020 70% 0.0% 08/12/2020-08/18/2020 60% 0.0% 09/09/2020-09/15/2020 50% -4.8% 10/07/2020-10/13/2020 40% 11/04/2020-11/10/2020 30% 83.7% 12/02/2020-12/08/2020 20% 14.2% 12/30/2020-01/05/2021 10% -1.8% 01/27/2021-02/02/20210% 02/24/2021-03/02/2021 03/24/2021-03/30/2021 Decrease Increase No Change 04/21/2021-04/27/2021 05/19/2021-05/25/2021 06/16/2021-06/22/2021 07/14/2021-07/20/2021 08/11/2021-08/17/2021 09/08/2021-09/14/2021 10/06/2021-10/12/2021 11/03/2021-11/09/2021 12/01/2021-12/07/2021 12/29/2021-01/04/2022 01/26/2022-02/01/2022 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 $1,000,000-$1,500,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric $ Reduction % Reduction 1100100000110010100000000001101011000000005262221167412751495421131193297218038860/////////////////////////////////////////3200222211210021000212021232221102021001103431596070808761262256954105299743348751/////////////////////////////////////////22222222222222222222222222222222222222222000000000000000000000000000000000000000002222222222222222222222222222222222222222201221102010221100113001220022102120212010-----------------------------------------0010001000100100000101001010000010000000045823211993125732084319211740237161365608/////////////////////////////////////////2001222020001211012030203100011212023011218914501467389681223830464196730571225173/////////////////////////////////////////2222222222222222222222222222222222222222200000000000000000000000000000000000000000-222222222222222222222222222222222222222221-2111021210301002220202110112120022100302131.32.%-01%2.-41%1.-91-1%1-1-.114.131%-.%.11-0-1--0%11%1-0--.-01010611..05.0.%04043.%..%.2%2--%11-99%%9%%---..99.8897.-.%%.-55%959-%-%.%.-8822-8---.-88.8%-8%-.-9-89898..8-.--8.-8%7.-%7-8887--.8%-..6.88-6-8-86%%68%5-...%8.88-%4.44.8%.4.-%%.8%33--.33..83%%%.-27--%722-.%%1--%7%77.%-71%.7.7%%0---7%9.-9-..-.%---777--.8.-8877%-7-8.--777-7%87%-7-7-77-...77-7-7%-%%.7..%-7--7666..-7..7%.7%755.5%..755..775---57.5--.4.4.%%%44.4-.-7774.-.%774%%33.%%3..%%.3%37737%%-%2%%222...%..%-%%--%6%111%..%.116%%%66%-00----0--.%%%--6%%-6666--.668..%%6%6---6-86677.-....--666.6.%-----.6.6666--.6%.666.--6-%%6655666...5566.5--666-%%%%%.444-..%4%6-6-..%-%...6-%3%33..%6...33-662225%%%-522%.2-2.25.%%%-.51-1%%5..%%%0..%%0%5%-%50-0.99-.%-%.59%5-%85.8.5%%-%-%57-.7%.55%.%6.565.%-%5..4-%-.5%44-%5%3--5%5.4%4-%.-%1.4.040..0%-----------------------------------------------------------------99.%.%-$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$4-8%7%----------------------------------------------------------------------------------------------------%441111111111111111111111111211111111111111111111111111111111111111.$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$%%-5..40231125600101000000001111610260500721313204300222083202143271035978879857979776989468879778989978876879779779789875497688889799697998668989998568877799988875868849744%.14094586240545818330981749345424844892842814625568359210256180485553162103328084403302159548848714859370671839787850785981518613931305759558972190824472749901045525%%2,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,%514137022323824755404558920265906628209605608951748610422396904485980374020774789206577877558706408668085853638138113588150760321852027830878877528882782891995027589699375201307766338205729680627049035132723115430030663407954003030078784383020386208608050730565504126578469096655889456020883191360097047556015377090200076036100907999903300450635952096142081605051062749060889550685563398813060320600500692958950321681037667956601503623013603073800000366890565858395908437677700760974002320050 Greater Metro Denver Attached and Detached Residential $1,000,000- WOW $1,500,000 1 Year Ago $1,000,000-$1,500,000 Size of Price Reductions for Pending Transactions -$108,729 $0 1.5% 84.0% -$50,000 -8.4% -$100,000 -1.0% -4.3% -$150,000 -$200,000 -$250,000 $ Price Reduction -4.0% -5.0% -6.0% -7.0% -8.0% -9.0% -10.0% -11.0% -12.0% -13.0% -14.0%

$1,500,000-$2,000,000 $1,500,000-$2,000,000 2.8% of homes in the 7 Metro Counties are between $1,500,000 - $2,000,000

Strategy Sheet Pre-COVID-19 Pre-COVID-19 Greater Metro Denver Attached and Detached Single Family Historic Cycle Based on previous years in this cycle (2013-2019) these values represent Target September October- December January February March April Early May Late May June July August- historically Pre-COVID-19 when the Listing November April May June July September market was competitive by month. Month 182 195 Target January February March 201 August September October November December The market was likely to favor those Closing sellers were are ready to take Month advantage of early buyer activity by listing March-May. Active Count 149 160 169 207 201 204 191 172 146 Sellers late to the market in the Pending 15 20 30 29 33 30 21 26 18 25 16 14 summer months were more likely to Count spend longer on the market, make price reductions and sell at lower prices than Closed Count 13 13 17 25 33 30 31 26 18 22 21 20 spring sellers. Expired 15 13 15 13 12 15 13 17 18 21 20 34 Count Buyers were most likely to have $1,500,000-$2,000,000 14.3% 15.8% 19.8% 20.7% 23.7% 21.3% 18.7% 18.9% 13.8% 17.9% 16.0% 15.4% negotiating power in the mid summer- Odds of fall. Selling 95.5% 96.4% 96.9% 97.6% 97.3% 98.3% 97.6% 96.7% 96.3% 97.2% 97.1% 97.3% % of Close/List Avg DOM 119 123 93 110 116 84 91 77 83 72 100 89 Med DOM 69 92 43 48 74 40 50 32 59 64 68 55 % U/C 7 Days 20.9% 27.8% 29.9% 32.0% 25.7% 26.0% 25.0% 29.9% 22.4% 25.3% 22.3% 23.2% or Less 14.8 10.8 9.0 7.2 7.3 7.0 9.0 12.2 9.6 9.0 8.5 45.6% 30.8% 37.3% Months of 13.53 -8.9% -7.8% 32.0% 30.5% 27.0% 29.8% 34.5% -8.5% 32.7% 28.1% 34.8% Inventory -1.3% -1.3% -9.5% -9.6% -8.8% -9.3% -9.8% -2.4% -9.6% -9.2% -9.7% -2.3% -0.7% 0.7% 0.2% 0.4% -1.1% 2.2% -2.8% 1.4% 0.5% -2.7% % of Reduced 39.5% 0% 0% 0.8% 0.9% 0.5% -2.7% 2.9% 0% 1.1% 1.7% -2.8% Listings -9.4% -0.9% 0% 0% 0% 0% 0% 0% 0% 0% Average -0.7% Price 0% Reduction % Change Avg Sold Price MOM % Change Med Sold Price MOM % Distressed Sales Thi s repres enta ti on i s ba s ed i n whol e or i n pa rt on content s uppl i ed by REcol ora do®, Inc. REcol ora do®, Inc. does not gua ra ntee nor i s i t i n a ny wa y res pons i bl e for i ts a ccura cy. Content ma i nta i ned by REcol ora do®, Inc. ma y not refl ect a l l rea l es ta te a cti vi ty i n the ma rket. Da tes s hown on gra phs for ti mefra mes i ncl uded. Ada ms , Ara pa hoe, Broomfi el d, Denver, Dougl a s , El bert, Jeffers on. Projecti on ba s ed on a vera ge va l ues from 2013-2019. Less More Competitive Competitive

Typical trends do not line up with post COVID market dynamics. It’s more $1,500,000-$2,000,000 important than ever to pay attention to current market trends rather than relying on historical data. The market favors sellers more deeply than ever, not only seasonally but historically. The odds of selling, median days on market, lowest levels of inventory and interest rates are the primary driving metrics forcing our market into an extended selling season. Sellers resistant to shifting their marketing strategy will be quickly left behind and may find themselves missing out on some of the best market conditions ever experienced in Metro Denver.

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $1,500,000 - $2,000,000 Date Range Odds of Selling Avg Daily Active New Listings Back on Market Expired Withdrawn Pending Closed Predictive MSI Active Units for % of Balance Days Until Total Showings Shows per Listing Showings to Median DOM Decrease Increase No Change $ Price Reduction % Reduction Balance Equilibrium Contracts 6 0 4.0 33.1% 82 28.6% January 01/01/2020- 17.2% 121 7 2 5 37 2 3.3 2020 27.8% 190 118 1.0 16.9 85 16.7% 0.0% 71.4% -$92,000 -5.4% 01/07/2020 24.0% 116 7 3 2 28 6 1.4 12.1% 211 154 1.3 19.3 108 54.6% 0.0% 83.3% -$200,000 -11.1% February 01/08/2020- 46.4% 107 10 1 6 1 17 3 2.0 365 17.1% 497 168 1.6 9.9 10 11.1% 0.0% 45.5% -$167,500 -9.3% $1,500,000-$2,000,000 2020 01/14/2020 32.9% 107 17 3 6 2 12 6 3.2 418 26.6% 182 194 1.8 16.2 11 14.3% 11.1% 77.8% -$201,314 -13.4% March 01/15/2020- 30.8% 111 18 4 5 48 5 1.8 887 14.6% 98 171 1.5 21.4 35 35.7% 0.0% 85.7% -$356,687 -19.0% 01/21/2020 39.1% 107 14 3 5 2 14 6 1.4 626 11.5% 257 206 1.9 14.7 19 11.1% 0.0% 64.3% -$212,000 -11.2% April 01/22/2020- 44.8% 96 6 7 3 3 16 6 1.4 418 12.1% 399 234 2.4 14.6 52.5 20.0% 11.1% 77.8% -$80,000 -4.5% 01/28/2020 45.5% 107 26 6 3 1 17 7 1.7 731 13.8% 171 237 2.2 13.9 16 18.2% 0.0% 80.0% -$123,000 -6.7% May 01/29/2020- 44.2% 108 18 4 3 3 15 15 1.8 835 15.1% 215 227 2.1 15.1 10.5 21.4% 0.0% 81.8% -$97,500 -5.7% 02/04/2020 50.6% 110 25 1 4 7 14 6 3.8 887 31.7% 167 236 2.1 16.9 10 40.0% 14.3% 64.3% -$101,667 -5.7% July June 02/05/2020- 29.8% 116 16 3 6 27 4 4.7 783 39.0% 92 138 1.2 19.7 5 33.3% 0.0% 60.0% -$155,500 -8.1% 02/11/2020 22.7% 122 20 8 24 10 6 29 0.9 731 7.2% 48 76 0.6 12.7 171 100.0% 0.0% 66.7% -$37,500 -2.3% August 02/12/2020- 54.3% 68 8 9 7 29 18 11 7.8 365 64.8% 359 45 0.7 2.5 0 20.0% 0.0% 0.0% -$200,000 -13.3% 02/18/2020 25.9% 169 18 3 8 45 2 9.9 313 82.9% 31 59 0.3 11.8 10 33.3% 0.0% 80.0% -$41,000 -2.6% October September 02/19/2020- 11.2% 173 12 0 4 94 6 9.7 940 80.5% 21 13 0.1 3.3 10 20.0% 0.0% 66.7% -$150,000 -7.8% 02/25/2020 19.0% 168 8 1 4 24 3 10.8 261 90.0% 32 3 0.0 0.8 24 25.0% 0.0% 80.0% -$45,000 -2.9% December November 02/26/2020- 14.1% 141 10 6 8 43 7 4.7 209 39.2% 20 25.0% 0.0% 75.0% -$264,633 -15.9% 03/03/2020 24.1% 184 23 6 5 11 9 3 6.6 209 55.0% 7 57 0.4 19.0 5 0.0% 0.0% 75.0% -$162,500 -8.6% 03/04/2020- 16.3% 201 29 6 2 37 4 3.0 157 25.0% 69 173 0.9 19.2 18 18.8% 0.0% 100.0% 0.0% 03/10/2020 28.6% 209 21 5 3 5 16 4 3.6 470 30.0% 33 207 1.0 29.6 9 15.4% 0.0% 81.3% $0 -11.6% 03/11/2020- 25.2% 219 22 1 9 2 14 7 2.4 365 19.8% 169 254 1.2 15.9 28 45.5% 0.0% 84.6% -$245,333 -3.9% 03/17/2020 32.2% 227 14 6 6 1 22 4 7.1 835 58.8% 156 276 1.3 19.7 17.5 55.6% 4.6% 50.0% -$75,000 -5.6% 03/18/2020- 16.6% 215 17 0 3 37 12 1.8 731 14.8% 323 312 1.4 14.2 44.5 33.3% 0.0% 44.4% -$100,050 -7.8% 03/24/2020 43.3% 209 24 3 4 6 27 13 2.4 1,148 20.4% 62 252 1.2 36.0 43 48.0% 0.0% 66.7% -$131,600 -5.3% 03/25/2020- 38.8% 202 24 6 9 2 19 20 2.3 365 19.1% 312 236 1.1 8.7 12 23.8% 0.0% 50.9% -$100,567 -8.4% 03/31/2020 42.2% 199 21 2 3 4 20 12 2.2 1,409 18.0% 185 250 1.2 13.2 10 14.3% 0.0% 76.2% -$151,333 -5.8% 04/01/2020- 40.5% 198 17 5 2 12 21 14 2.8 992 23.5% 258 324 1.6 16.2 32 50.0% 4.8% 81.0% -$95,000 -6.5% 04/07/2020 38.9% 196 11 2 4 11 16 17 2.0 1,044 16.6% 286 215 1.1 10.2 31.5 22.3% 5.6% 44.4% -$119,967 -7.9% 04/08/2020- 44.9% 191 12 4 4 3 22 13 4.7 1,096 39.4% 345 279 1.4 17.4 46.5 100.0% 0.0% 72.8% -$159,778 -5.0% 04/14/2020 32.1% 185 25 3 7 39 18 2.9 835 24.3% 419 267 1.4 12.1 13 41.2% 0.0% 0.0% -$87,184 -2.0% 04/15/2020- 39.4% 190 17 6 3 4 15 13 1.9 1,148 16.0% 71 291 1.6 32.3 14 47.6% 0.0% 58.8% -$30,000 -11.0% 04/21/2020 43.3% 192 26 4 2 2 23 16 1.9 470 16.2% 181 271 1.4 18.1 19 23.8% 0.0% 69.5% -$183,000 -6.7% 04/22/2020- 45.9% 186 20 4 4 2 22 10 1.8 783 15.2% 236 318 1.7 13.8 21.5 45.8% 4.8% 71.4% -$115,463 -10.1% 04/28/2020 41.5% 191 24 3 8 5 24 15 3.1 1,201 25.7% 281 331 1.8 15.0 19 28.6% 0.0% 54.2% -$175,000 -7.2% 04/29/2020- 36.2% 188 18 4 4 4 14 11 3.1 1,148 25.5% 276 331 1.7 13.8 37 38.5% 7.1% 64.3% -$132,901 -7.8% 05/05/2020 34.8% 186 16 7 3 1 14 14 2.8 1,253 23.4% 173 269 1.4 19.2 34 47.1% 0.0% 61.5% -$134,400 -11.1% 05/06/2020- 39.2% 183 12 4 9 4 15 6 2.2 731 18.2% 166 254 1.4 18.1 23.5 42.1% 0.0% 52.9% -$213,990 -9.4% 05/12/2020 33.1% 181 26 11 3 5 19 10 2.2 731 17.9% 136 269 1.5 17.9 27 40.9% 0.0% 57.9% -$202,875 -7.0% 05/13/2020- 39.8% 178 15 5 5 4 19 28 3.1 783 25.7% 136 300 1.7 15.8 63 60.0% 4.5% 54.5% -$139,429 -9.2% 05/19/2020 47.6% 175 15 6 6 3 13 15 2.2 992 18.2% 136 282 1.6 14.8 21 47.4% 0.0% 40.0% -$160,222 -8.0% 05/20/2020- 42.1% 171 14 4 4 4 18 15 2.5 992 20.7% 168 326 1.9 25.1 21 45.0% 0.0% 52.6% -$149,789 -5.4% 05/26/2020 41.5% 173 14 2 4 4 16 9 2.2 679 18.6% 299 288 1.7 16.0 16 36.8% 0.0% 55.0% -$94,990 -7.6% 05/27/2020- 37.9% 175 20 5 3 3 18 16 2.0 940 16.5% 290 271 1.6 16.9 6 27.3% 5.3% 57.9% -$128,434 -7.8% 06/02/2020 42.2% 181 18 2 4 9 21 40 1.3 835 11.1% 214 205 1.2 11.4 54 36.4% 0.0% 72.7% -$131,857 -7.7% 06/03/2020- 61.8% 168 9 8 6 13 29 14 2.1 940 17.2% 321 240 1.3 11.4 20 42.9% 0.0% 63.6% -$147,667 -5.9% 06/09/2020 42.5% 162 14 3 2 6 18 16 8.6 1,096 71.4% 555 184 1.1 6.3 57 0.0% 0.0% 57.1% -$95,000 -9.9% 06/10/2020- 35.6% 149 9 1 5 54 10 3.3 1,514 27.5% 321 193 1.2 10.7 57 61.5% 0.0% 100.0% -$167,333 0.0% 06/16/2020 34.5% 144 7 2 2 5 10 9 2.9 940 24.0% 42 132 0.9 33.0 26 53.8% 0.0% 38.5% -5.5% 06/17/2020- 37.2% 138 4 3 5 2 11 19 2.4 209 19.7% 295 136 0.9 13.6 37 61.5% 0.0% 46.2% $0 -11.3% 06/23/2020 47.2% 134 9 0 2 9 13 12 2.4 522 20.2% 437 51 0.4 4.6 24 53.8% 0.0% 38.5% -$90,375 -5.0% 06/24/2020- 44.5% 116 4 4 3 5 11 5 2.2 574 37.2% 424 162 1.2 12.5 120 36.4% 0.0% 46.2% -$220,714 -5.8% 06/30/2020 37.2% 97 5 1 1 10 679 401 120 1.0 10.9 0.0% 63.6% -$91,188 -9.9% 07/01/2020- 574 192 67 0.7 6.7 -$102,786 07/07/2020 261 -$166,288 07/08/2020- 07/14/2020 07/15/2020- 07/21/2020 07/22/2020- 07/28/2020 07/29/2020- 08/04/2020 08/05/2020- 08/11/2020 08/12/2020- 08/18/2020 08/19/2020- 08/25/2020 08/26/2020- 09/01/2020 09/02/2020- 09/08/2020 09/09/2020- 09/15/2020 09/16/2020- 09/22/2020 09/23/2020- 09/29/2020 09/30/2020- 10/06/2020 10/07/2020- 10/13/2020 10/14/2020- 10/20/2020 10/21/2020- 10/27/2020 10/28/2020- 11/03/2020 11/04/2020- 11/10/2020 11/11/2020- 11/17/2020 11/18/2020- 11/24/2020 11/25/2020- 12/01/2020 12/02/2020- 12/08/2020 12/09/2020- 12/15/2020 12/16/2020- 12/22/2020 12/23/2020- 12/29/2020

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $1,500,000 - $2,000,000 Date Range Odds of Selling Avg Daily Active New Listings Back on Market Expired Withdrawn Pending Closed Predictive MSI Active Units for % of Balance Days Until Total Showings Shows per Listing Showings to Median DOM Decrease Increase No Change $ Price Reduction % Reduction Balance Equilibrium Contracts 17 14 1.4 23.0% 72 46.2% January 12/30/2020- 43.5% 90 4 6 1 3 15 8 1.7 2021 28.2% 211 138 1.5 9.2 10 9.1% 0.0% 53.8% -$86,807 -5.0% 01/05/2021 49.2% 81 13 3 4 0 11 7 1.6 26.8% 90 185 2.3 16.8 90 47.4% 9.1% 81.8% -$250,001 -11.1% 01/06/2021- 44.5% 91 9 2 1 1 13 8 1.0 392 26.8% 158 268 2.9 20.6 75 25.0% 0.0% 52.6% -$215,456 -13.3% 01/12/2021 56.9% 88 20 3 3 4 20 291 306 3.5 15.3 5 27.3% 25.0% 50.0% -$165,200 -9.3% 01/13/2021- 54.0% 98 20 2 4 287 12 30.3% 0.0% 72.7% -$123,350 -7.4% 01/19/2021 66.0% 88 13 4 1 27 27.3% 0.0% 69.7% -$109,490 -6.1% 01/20/2021- 56.1% 84 12 9 2 339 13 27.3% 0.0% 72.7% -$134,667 -7.2% 01/26/2021 59.5% 80 14 3 9 7 21.1% 4.5% 68.2% -$133,157 -7.4% 01/27/2021- 55.5% 76 22 3 2 1,044 5 12.7% 0.0% 78.9% -$191,922 -11.6% 02/02/2021 69.3% 78 16 3 6 13 16.0% 1.3% 86.1% -$171,250 -9.0% 02/03/2021- 59.6% 80 18 3 5 3 19 11 1.2 992 26.8% 285 482 4.9 25.4 5 21.4% 4.0% 80.0% -$101,333 -5.5% 02/09/2021 63.8% 82 25 4 5 5 9.5% 0.0% 78.6% -$62,500 -3.4% February 02/10/2021- 56.0% 84 21 2 3 1 35 12 0.6 1,827 4.8% 717 334 3.8 9.5 7 21.7% 0.0% 90.5% -$50,000 -2.6% $1,500,000-$2,000,000 2021 02/16/2021 63.9% 83 31 6 3 5 16.7% 0.0% 78.3% -$80,800 -4.9% 02/17/2021- 60.8% 102 27 6 2 1 16 10 1.2 835 10.1% 251 253 3.0 15.8 6 17.6% 0.0% 83.3% -$122,750 -7.3% 02/23/2021 71.2% 95 27 5 3 5 8.7% 0.0% 82.4% -$97,833 -5.7% 02/24/2021- 60.5% 95 33 3 2 2 20 10 0.9 1,044 7.7% 398 258 3.2 12.9 4 18.2% 13.0% 78.3% -$75,001 -4.8% 03/02/2021 73.0% 99 40 5 1 4 9.0% 0.0% 81.8% -$123,675 -6.5% 03/04/2021- 64.5% 101 40 4 1 4 17 16 1.0 887 8.6% 228 264 3.5 15.5 4 13.8% 3.4% 87.6% -$31,396 -4.5% 03/09/2021 64.6% 110 36 5 4 4 6.6% 0.0% 86.2% -$118,650 -7.4% 03/10/2021- 66.7% 113 25 7 5 3 30 15 0.6 1,566 8.6% 549 331 4.2 11.0 6 36.4% 3.7% 89.7% -$33,588 -4.7% 03/16/2021 62.4% 112 19 5 2 5 4.8% 4.5% 59.1% -$127,625 -6.7% March 03/17/2021- 64.5% 111 22 5 6 3 16 20 1.1 835 8.6% 252 209 2.6 13.1 4 15.2% 0.0% 95.2% -$50,000 -2.5% 03/23/2021 65.2% 118 40 3 2 6 7.1% 3.0% 81.8% -$93,000 -5.4% 03/24/2021- 64.5% 116 33 6 1 0 23 19 0.8 1,201 8.6% 270 329 4.0 14.3 7.5 13.0% 3.6% 89.3% -$87,500 -4.6% 03/30/2021 62.1% 123 29 4 5 16.5 27.3% 0.0% 87.0% -$110,000 -6.6% 03/31/2021- 56.6% 115 11 6 5 2 19 12 1.0 992 8.6% 277 360 4.3 18.9 4 14.3% 9.1% 63.6% -$218,000 -11.5% 04/06/2021 60.8% 135 35 6 1 14.5 25.5% 3.6% 82.1% -$195,228 -10.9% 04/07/2021- 69.0% 119 31 5 1 1 21 18 0.9 1,096 8.6% 192 329 4.0 15.7 6 19.5% 0.0% 74.5% -$139,917 -7.8% 04/13/2021 51.6% 122 28 2 7 5 30.4% 0.0% 80.5% -$217,250 -12.8% April 04/14/2021- 64.5% 125 27 4 2 2 25 16 0.9 1,305 8.6% 256 443 4.3 17.7 4 11.1% 0.0% 69.6% -$109,015 -6.3% 04/20/2021 58.2% 129 31 9 4 6 23.8% 7.4% 81.5% -$173,667 -10.1% 04/21/2021- 60.5% 133 19 5 1 4 32 27 0.7 1,670 8.6% 345 259 2.7 8.1 5 20.8% 0.0% 76.2% -$175,200 -9.9% 04/27/2021 57.4% 131 17 9 2 6 8.3% 0.0% 79.2% -$83,000 -4.6% 04/28/2021- 55.7% 126 22 4 2 2 22 16 1.0 1,148 8.3% 205 398 4.2 18.1 19 27.8% 0.0% 91.7% -$90,000 -5.7% 05/04/2021 45.4% 138 22 1 2 4 15.0% 0.0% 72.2% -$151,200 -8.1% 05/05/2021- 53.2% 152 27 2 6 1 41 26 0.6 2,140 4.6% 318 591 6.0 14.4 9 26.7% 0.0% 85.0% -$105,000 -6.0% 05/11/2021 60.3% 120 17 3 2 6 33.3% 0.0% 73.3% -$88,215 -5.0% 05/12/2021- 49.6% 137 23 4 8 0 31 13 0.7 1,618 6.2% 242 392 3.9 12.6 7 6.3% 0.0% 66.7% -$153,667 -9.6% 05/18/2021 51.1% 132 19 4 1 5 26.9% 6.3% 87.5% -$25,000 -1.5% June May 05/19/2021- 58.7% 121 26 2 8 5 27 21 0.9 1,409 7.8% 222 449 4.1 16.6 4 7.7% 0.0% 73.1% -$171,714 -8.5% 05/25/2021 46.0% 113 18 2 3 10 20.0% 7.7% 84.6% -$91,524 -5.3% 05/26/2021- 52.9% 107 13 0 10 4 29 31 0.9 1,514 7.5% 307 438 3.9 15.1 8 17.4% 13.3% 66.7% -$208,667 -11.6% 06/01/2021 59.3% 106 17 1 2 17 38.5% 4.3% 78.3% -$117,278 -6.4% 06/02/2021- 49.7% 88 19 3 3 5 21 30 1.2 1,096 10.2% 287 272 2.4 13.0 6 10.5% 0.0% 61.5% -$142,001 -6.9% 06/08/2021 59.2% 98 16 3 4 6 23.1% 5.3% 84.2% -$62,500 -3.7% 06/09/2021- 51.0% 87 13 2 9 2 23 27 1.1 1,201 9.2% 283 363 3.3 15.8 26.5 40.0% 0.0% 76.9% -$320,000 -14.2% 06/15/2021 46.1% 83 8 2 2 16 30.0% 0.0% 60.0% -$243,750 -10.5% 06/16/2021- 66.1% 76 13 4 4 4 35 27 0.8 1,827 6.5% 279 353 3.0 10.1 15 33.3% 0.0% 70.0% -$91,930 -4.9% 06/22/2021 50.8% 67 15 0 3 4 0.0% 0.0% 66.7% -$221,967 -10.9% 06/23/2021- 62.6% 65 9 1 2 2 28 24 1.0 1,462 7.9% 242 294 2.5 10.5 4 0.0% 27.3% 72.7% 06/29/2021 45.5% 59 6 0 0.0% 100.0% - - 06/30/2021- 8 25 23 1.1 1,305 9.4% 251 342 2.8 13.7 - - 07/06/2021 07/07/2021- 3 14 27 1.9 731 15.7% 254 179 1.6 12.8 07/13/2021 07/014/2021- 4 29 27 1.1 1,514 8.9% 236 396 2.9 13.7 07/20/2021 July 07/21/2021- 2 32 31 0.9 1,670 7.1% 302 399 3.4 12.5 07/27/2021 07/28/2021- 3 19 12 1.5 992 12.3% 203 337 2.8 17.7 08/03/2021 08/04/2021- 4 22 43 1.3 1,148 10.9% 231 372 3.0 16.9 08/10/2021 08/11/2021- 2 28 16 1.1 1,462 8.8% 234 430 3.3 15.4 08/17/2021 September August 08/18/2021- 3 24 29 1.3 1,253 10.6% 327 341 2.6 14.2 08/24/2021 08/25/2021- 6 24 18 1.3 1,253 10.5% 302 338 2.6 14.1 08/31/2021 09/01/2021- 5 15 24 1.9 783 16.1% 177 365 2.9 24.3 09/07/2021 09/08/2021- 2 17 11 1.9 887 15.6% 228 252 1.8 14.8 09/14/2021 09/15/2021- 9 22 20 1.6 1,148 13.2% 241 439 2.9 20.0 09/21/2021 09/22/2021- 2 31 20 0.9 1,618 7.4% 525 334 2.8 10.8 09/28/2021 09/29/2021- 2 16 17 2.0 835 16.4% 181 262 1.9 16.4 10/05/2021 10/06/2021- 9 16 24 1.9 835 15.8% 214 236 1.8 14.8 10/12/2021 October 10/13/2021- 3 25 16 1.1 1,305 9.3% 296 333 2.8 13.3 10/19/2021 10/20/2021- 5 14 15 1.9 731 15.5% 217 316 2.8 22.6 10/26/2021 10/27/2021- 5 15 16 1.6 783 13.7% 365 224 2.1 14.9 11/2/2021 11/02/2021- 2 24 26 1.0 1,253 8.5% 447 274 2.6 11.4 11/09/2021 December November 11/10/2021- 4 12 10 1.7 626 14.0% 172 333 3.8 27.8 11/17/2021 11/18/2021- 6 19 18 1.2 992 9.9% 330 308 3.1 16.2 11/24/2021 11/25/2021- 6 13 12 1.5 679 12.8% 276 295 3.4 22.7 11/30/2021 12/01/2021- 0 10 14 1.9 522 15.9% 308 120 1.4 12.0 12/07/2021 12/08/2021- 5 20 18 0.9 1,044 7.3% 399 167 2.2 8.4 12/14/2021 12/15/2021- 5 9 11 1.7 470 14.3% 188 118 1.8 13.1 12/21/2021 12/22/2021- 4 13 17 1.1 679 9.6% 430 130 2.0 10.0 12/28/2021 2 3 10 4.5 157 37.7% 114 96 1.6 32.0

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $1,500,000 - $2,000,000 Date Range Odds of Selling Avg Daily Active New Listings Back on Market Expired Withdrawn Pending Closed Predictive MSI Active Units for % of Balance Days Until Total Showings Shows per Listing Showings to Median DOM Decrease Increase No Change $ Price Reduction % Reduction Balance Equilibrium Contracts 18 13 1.7 14.0% 8 14.3% January 12/29/2021- 40.2% 51 4 3 2 17 9 1.0 2022 8.3% 315 83 1.6 11.9 4 25.0% 0.0% 85.7% -$31,000 -2.0% 01/04/2022 60.1% 52 11 5 4 1 12 9 0.9 7.4% 252 270 5.2 22.5 33 25.0% 0.0% 75.0% -$220,000 -9.8% 01/05/2022- 58.4% 54 21 2 3 3 14 365 206 220 4.1 15.7 6 4.8% 16.7% 58.3% -$58,333 -3.5% 01/11/2022 63.8% 56 17 5 1 5 0.0% 0.0% 95.2% -$51,000 -3.1% 01/12/2022- 53.2% 53 13 3 1 626 8 11.8% 0.0% 100.0% 01/18/20200 65.3% 58 13 2 1 8 13.3% 5.9% 82.4% -$75,500 -3.8% 01/19/2022- 75.1% 52 28 6 5 731 6 12.0% 6.7% 80.0% -$75,500 -3.8% 01/25/2022 63.0% 65 24 4 3 4 4.2% 8.0% 80.0% -$124,000 -7.0% 01/26/2022- 72.4% 70 32 3 3 2 21 7 0.6 1,096 5.1% 331 304 5.4 14.5 5 6.7% 8.3% 87.5% -$100,000 -5.7% 02/01/2022 71.2% 68 27 4 1 5 0.0% 3.3% 90.0% -$87,500 -4.6% 02/02/2022- 72.4% 77 31 2 0 0 12 3 1.0 626 8.5% 251 298 5.6 24.8 4 4.0% 91.7% 8.3% -$150,000 -7.8% 02/08/2022 72.5% 81 34 5 2 5 7.7% 4.0% 92.0% -$211,000 -11.1% February 02/09/2022- 69.2% 88 28 2 3 3 17 10 0.8 887 6.5% 388 190 3.3 11.2 5 8.6% 0.0% 92.3% -$130,000 -6.9% 02/15/2022 73.4% 91 32 3 5 4 13.9% 0.0% 91.4% -$91,333 -4.7% 02/16/2022- 72.4% 91 45 3 1 2 22 17 0.5 1,148 4.5% 226 359 6.9 16.3 5 17.4% 5.6% 80.6% -$275,800 -12.5% $1,500,000-$2,000,000 2022 02/22/2022 74.7% 84 27 5 3 5 10.8% 4.3% 78.3% -$163,750 -7.9% 02/23/2022- 72.5% 106 51 5 5 1 26 8 0.6 1,357 4.8% 324 422 6.5 16.2 5 6.3% 2.7% 86.5% -$156,250 -7.4% 03/01/2022 67.6% 124 49 11 3 5 16.0% 0.0% 93.8% -$212,500 -9.9% 03/02/2022- 63.4% 140 43 4 3 2 24 26 0.7 1,253 5.6% 237 489 7.0 20.4 4 12.1% 4.0% 80.0% -$257,750 -11.3% 03/08/2022 64.7% 148 55 11 3 7.5 33.3% 0.0% 87.9% -$146,250 -8.1% 03/09/2022- 65.2% 173 51 5 4 1 31 15 0.5 1,618 4.2% 351 414 6.1 13.4 12 25.0% 5.6% 61.1% -$175,083 -8.8% 03/15/2022 53.8% 162 26 9 7 6 29.7% 0.0% 75.0% -$212,667 -8.9% March 03/16/2022- 58.0% 165 51 5 4 1 25 24 0.7 1,305 5.9% 261 681 8.8 27.2 8 37.0% 0.0% 70.3% -$156,455 -8.3% 03/22/2022 58.3% 169 45 10 8 10.5 38.9% 0.0% 63.0% -$133,974 -7.3% 03/23/2022- 51.6% 177 43 4 1 1 25 24 0.7 1,305 6.2% 220 454 5.6 18.2 8 21.1% 0.0% 61.1% -$262,143 -12.8% 03/29/2022 53.4% 189 44 9 7 13 36.0% 0.0% 78.9% -$71,250 -4.0% 03/30/2022- 48.0% 210 25 4 5 3 27 23 0.7 1,409 6.2% 309 520 5.9 19.3 19 34.8% 4.0% 60.0% -$178,000 -9.4% 04/05/2022 44.7% 204 30 7 8 11 35.3% 0.0% 65.2% -$170,000 -8.6% 04/06/2022- 37.3% 207 32 5 3 0 35 31 0.6 1,827 5.0% 348 649 7.1 18.5 13.5 38.9% 0.0% 64.7% -$108,667 -5.9% 04/12/2022 42.8% 214 33 3 11 13 31.8% 0.0% 61.1% -$206,457 -10.5% April 04/13/2022- 41.7% 220 28 9 13 1 38 30 0.6 1,984 4.6% 276 592 6.5 15.6 29.5 58.3% 0.0% 68.2% -$129,857 -7.2% 04/19/20220 30.4% 203 24 4 10 17 31.6% 0.0% 41.7% -$137,857 -7.0% 04/20/2022- 39.5% 210 30 4 6 5 24 36 0.8 1,253 6.7% 256 340 4.0 14.2 10 44.0% 0.0% 68.4% -$201,050 -10.0% 04/26/2022 40.7% 208 22 2 3 32 45.5% 0.0% 56.0% -$111,467 -6.2% 04/27/2022- 49.3% 197 20 6 11 2 39 33 0.6 2,036 5.2% 242 571 5.4 14.6 29 25.0% 0.0% 54.5% -$77,950 -4.5% 05/03/2022 39.8% 189 19 7 6 17 35.3% 0.0% 75.0% -$225,000 -11.7% 05/04/2022- 41.7% 193 35 6 4 5 33 37 0.9 1,723 7.2% 187 549 4.4 16.6 7 13.0% 5.9% 58.8% -$112,517 -6.0% 05/10/2022 47.4% 200 41 3 2 12 28.6% 0.0% 87.0% -$167,000 -8.3% 05/11/2022- 35.1% 200 27 2 9 6 29 32 1.1 1,514 9.2% 205 366 2.6 12.6 21 33.3% 0.0% 71.4% -$277,500 -13.4% 05/17/2022 42.5% 208 31 3 4 25.5 50.0% 0.0% 66.7% -$139,586 -7.8% May 05/18/2022- 37.9% 211 17 4 4 5 35 33 1.0 1,827 8.1% 178 474 3.2 13.5 40 76.9% 0.0% 50.0% -$261,319 -11.6% 05/24/2022 37.3% 202 21 4 4 35 64.7% 0.0% 23.1% -$155,527 -8.4% 05/25/2022- 36.3% 204 21 6 12 4 39 41 1.0 2,036 8.5% 233 573 3.3 14.7 51 45.5% 0.0% 35.3% -$273,727 -12.4% 05/31/2022 36.7% 203 21 9 6 26 41.7% 0.0% 54.5% -$195,000 -10.6% 06/01/2022- 30.1% 206 22 6 7 3 24 24 1.6 1,253 12.9% 218 288 1.8 12.0 21 37.5% 0.0% 58.3% -$130,400 -6.6% 06/07/2022 28.9% 205 14 2 5 37 57.1% 0.0% 62.5% -$118,000 -7.0% 06/08/2022- 27.6% 195 12 2 6 4 38 24 1.0 1,984 8.3% 228 460 2.8 12.1 25 33.3% 0.0% 42.9% -$140,250 -7.6% 06/14/2022 20.6% 192 2 4 14 50 71.4% 0.0% 66.7% -$92,000 -4.8% June 06/15/2022- 24.6% 179 7 2 16 7 31 29 1.3 1,618 10.4% 185 346 2.0 11.2 69 46.7% 0.0% 28.6% -$219,600 -11.5% 06/21/2022 32.4% 175 9 2 7 99.5 50.0% 6.7% 46.7% -$258,857 -12.3% 06/22/2022- 28.5% 155 6 1 4 8 18 34 2.3 940 18.8% 114 271 1.5 15.1 48 42.9% 0.0% 50.0% -$191,667 -9.4% 06/28/2022 19.8% 141 2 1 24 72 100.0% 0.0% 57.1% -$175,000 -9.1% 06/29/2022- 14.2% 132 4 2 4 20 31 2.2 1,044 18.1% 113 405 2.1 20.3 0.0% 0.0% -$107,500 -6.0% 07/05/2022 07/06/2022- 5 26 25 1.9 1,357 15.5% 277 263 1.3 10.1 07/12/2022 07/13/2022- 5 23 19 2.0 1,201 17.0% 189 341 1.7 14.8 07/19/2022 July 07/20/2022- 5 17 16 2.8 887 23.3% 129 323 1.6 19.0 07/26/2022 07/27/2022- 5 18 21 2.7 940 22.8% 141 362 1.7 20.1 08/02/2022 08/03/2022- 4 23 21 2.2 1,201 18.3% 186 266 1.2 11.6 08/09/2022 08/10/2022- 7 12 14 3.9 626 32.4% 106 302 1.5 25.2 08/16/2022 September August 08/17/2022- 3 19 19 2.5 992 21.2% 161 382 1.8 20.1 08/23/2022 08/24/2022- 7 25 12 1.9 1,305 15.9% 320 336 1.6 13.4 08/30/2022 8/31/2022- 4 24 23 1.9 1,253 15.7% 285 314 1.6 13.1 09/06/2022 09/07/2022- 15 18 18 2.4 940 20.1% 202 218 1.2 12.1 09/13/2022 09/14/2022- 8 19 17 2.3 992 19.5% 137 309 1.6 16.3 09/20/2022 09/21/2022- 5 23 22 2.0 1,201 16.7% 159 300 1.5 13.0 09/27/2022 09/28/2022- 4 14 12 3.3 731 27.4% 128 278 1.4 19.9 10/04/2022 10/05/2022- 9 21 21 2.3 1,096 19.0% 183 269 1.3 12.8 10/11/2022 October 10/12/2022- 3 16 16 3.0 835 25.3% 208 240 1.1 15.0 10/18/2022 10/19/2022- 3 14 16 3.3 731 27.6% 148 181 0.9 12.9 10/25/2022 10/26/2022- 4 17 12 2.8 887 23.0% 177 213 1.0 12.5 11/01/2022 11/02/2022- 6 12 22 3.9 626 32.4% 99 229 1.1 19.1 11/08/2022 December November 11/09/2022- 7 13 10 3.6 679 30.4% 118 223 1.1 17.2 11/15/2022 11/16/2022- 12 8 14 5.9 418 49.1% 93 212 1.0 26.5 11/22/2022 11/23/2022- 7 7 12 6.4 365 53.4% 85 168 0.9 24.0 11/29/2022 11/30/2022- 9 10 3 4.4 522 36.8% 386 119 0.6 11.9 12/06/2022 12/07/2022- 6 7 11 5.9 365 49.0% 145 183 1.0 26.1 12/13/2022 6 15 12 2.7 783 22.3% 387 226 1.3 15.1 12/14/2022- 9 7 10 5.1 365 42.4% 211 157 1.0 22.4 12/20/2022 12/21/2022- 4 5 4 6.5 261 54.0% 280 74 0.5 14.8 12/27/2022 12/28/2022- 4 4 5 7.6 209 0.632183908 90 96 0.727272727 24 01/03/2022

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $1,500,000 - $2,000,000 Date Range Odds of Selling Avg Daily Active New Listings Back on Market Expired Withdrawn Pending Closed Predictive MSI Active Units for % of Balance Days Until Total Showings Shows per Listing Showings to Median DOM Decrease Increase No Change $ Price Reduction % Reduction Balance Equilibrium Contracts 8 2 12 10 2.4 20.0% 43 36.4% 01/04/2023- 37.5% 125 16 5 2 3 9 4 3.3 2023 27.9% 167 211 1.7 17.6 66 44.4% 0.0% 63.6% -$370,250 -16.5% 01/10/2023 28.8% 131 12 6 0 3 13 6 2.4 20.2% 132 171 1.3 19.0 42 46.2% 0.0% 55.6% -$252,213 -11.2% 01/11/2023- 37.6% 137 12 1 5 3 16 8 1.8 626 15.3% 292 194 1.4 14.9 32 26.7% 0.0% 53.8% -$179,967 -8.3% 01/17/2023 41.1% 128 12 3 4 0 17 11 1.6 13.5% 330 277 2.2 17.3 18 38.9% 6.7% 66.7% -$145,000 -7.3% 01/18/2023- 47.0% 120 22 2 3 4 13 5 2.2 470 18.3% 224 332 2.8 19.5 6 7.7% 0.0% 61.1% -$189,286 -8.9% 01/24/2023 36.4% 124 21 4 3 4 15 7 2.0 16.9% 156 294 2.4 22.6 6 26.7% 0.0% 92.3% -$185,000 -8.5% 01/25/2023- 39.8% 132 34 7 679 111 245 1.9 16.3 0.0% 73.3% -$237,425 -10.9% February January01/31/2023 02/01/2023- 835 $1,500,000-$2,000,000 202302/07/2023 02/08/2023-02- 887 14/2023 679 02/15/2023- 02/21/2023 783 02/22/2023- 02/28/2023

Metric 0 0.0 10.0 250 Market Metrics $2,000,000 Greater Metro Denver Attached and Detached Residential $1,500,000- 200 Current 01/01/2020-01/07/2020 1.4 2.0 3.3 4.0 Predictive MSI WOW 01/29/2020-02/04/2020 11.1.4141..7.88 8.03.2 1 Year Ago 02/26/2020-03/03/2020 0.9 150 03/25/2020-03/31/2020 3.8 4.7 Predictive 04/22/2020-04/28/2020 6.0 7.8 MSI 05/20/2020-05/26/2020 100 99.7.9 10.8 2.0 06/17/2020-06/23/2020 4.7 6.6 -7.7% 07/15/2020-07/21/2020 2.4 3.0 3.6 4.0 4.7 7.1 Coming Soon 08/12/2020-08/18/2020 1.282.20.22.3.42.8 252.0% 09/09/2020-09/15/2020 1.31112.2.28.22.299.0.1...22222.252.333.89...111 50 10/07/2020-10/13/2020 2.0 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Coming Soon 11/04/2020-11/10/2020 Avg Daily Active 12/02/2020-12/08/2020 13 12/30/2020-01/05/2021 85.7% 01/27/2021-02/02/2021 85.7% 02/24/2021-03/02/2021 03/24/2021-03/30/2021 04/21/2021-04/27/2021 00000.0..000600.6006001..171111.11.7.8.1.1.1.811...91191.991...9.91991.0.10..000.0..111...11.1.111.22.21231.31311.141.5..1.1511.1.6.1662777......9.999299022.2..442.93.3 8.6 05/19/2021-05/25/2021 000000000.00..0.0..5.0560.6.666..1117.11.777..188.9.9...1000.001.131.161.1272...2929.9.22020.2...222.33.324.225...3788.330..333.336..99 Avg Daily 06/16/2021-06/22/2021 Active 07/14/2021-07/20/2021 132 08/11/2021-08/17/2021 6.5% 09/08/2021-09/14/2021 103.1% 10/06/2021-10/12/2021 New Listings 11/3/2021-11/9/2021 New Listings 12/01/2021-12/07/2021 34 12/29/2021-01/04/2022 61.9% 01/26/2022-02/01/2022 41.7% 02/23/2022-03/01/2022 03/23/2022-03/29/2022 Back on 04/20/2022-04/26/2022 Back on Market Market 05/18/2022-05/24/2022 06/15/2022-06/21/2022 7 07/13/2022-07/19/2022 75.0% 08/10/2022-08/16/2022 09/07/2022-09/13/2022 - 10/05/2022-10/11/2022 11/02/2022-11/08/2022 Expired 11/30/2022-12/06/2022 4.5 12/28/2022-01/03/2023 3 01/25/2023-01/31/2023 Expired 0.0% -40.0% Withdrawn Withdrawn 4 0.0% 300.0% Pending 4.4 5.96.4 Pending 2.7 5.1 5.9 15 15.4% 6.5 -42.3% 2.4 3.3 7.6 11.62.82.0.22.4 Closed Closed 7 12.0 40.0% -12.5% $1,500,000-$2,000,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $1,500,000-$2,000,00011.11244%11..112667%%.1.3.61922%%9.%00.28.%622%22%.424742.5.%.0512.6%.2%22272%9%8288.83%363.9...00568%0933.3..%8%33%.%122428%23%3..%3.%312.43.49431335%%3%5.%333.36%3656.33368.17777.67.%.373737.3%2334%3....3373%.8.842.293.93%45%9%9649999%94..044%%.%.%440%.8.%094%1..%442.14445.11488811.%.%4242%22%4.52%2%7..2%%%..41434%35.5..34774%4..%.12244%44554.4.%%84.4%%4444433%%%55.55%%..4%5.426.6.465%54%%.7.8.947.74%..557.%%79%0%1%484.44.%4%%..0%2%%9.495%6599550%%5.5%.0%0..112%367115.5.55..%%658%5%..021533366%3%4%.%45..5.%%955.22.45.58550%6365%%%6.5%65.5%5.%5.757.05815.858856%.89%66%9.%6964.9.6.96%0.%20340.0.0%76.0.062%36%.65%%6...6%11..236%5%25626%68%83.%6666.%636%.%83.33%%66164.644444.4660%...55%456%8%.89.....66%555.5.66%.76%%%223..%%%%7%6%0.166%%%7.9%%996%77...%02773171777%7%22%.2.2232237.....74.4%4%55.4054%%%%%.%.%71%% 01/29/2020-02/04/2020 Odds of Selling by Week Current 02/26/2020-03/03/2020 WOW 03/25/2020-03/31/2020 80.0% 1 Year Ago 04/22/2020-04/28/2020 70.0% 05/20/2020-05/26/2020 60.0% Odds of 06/17/2020-06/23/2020 50.0% Selling 07/15/2020-07/21/2020 40.0% 39.8% 08/12/2020-08/18/2020 30.0% 3.4% 09/09/2020-09/15/2020 20.0% -23.3% 10/07/2020-10/13/2020 10.0% 11/04/2020-11/10/2020 12/02/2020-12/08/2020 0.0% 12/30/2020-01/05/2021 01/27/2021-02/02/2021 02/24/2021-03/02/2021 03/24/2021-03/30/2021 04/21/2021-04/27/2021 05/19/2021-05/25/2021 06/16/2021-06/22/2021 07/14/2021-07/20/2021 08/11/2021-08/17/2021 09/08/2021-09/14/2021 10/06/2021-10/12/2021 11/3/2021-11/9/2021 12/01/2021-12/07/2021 12/29/2021-01/04/2022 01/26/2022-02/01/2022 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 $1,500,000-$2,000,000

0 500 1,000 1,500 2,000 Active vs. Balanced Market $2,000,000 Greater Metro Denver Attached and Detached Residential $1,500,000- See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 01/01/2020-01/07/2020 99988888889977888898998699887667655556755559111211111221221221221221221112121111121111211211121111111211111111111111121111111111121111111111111111111111111122111111818641006887082146737780528833551648421995818827612131103134104126264217747707737813820698969490890870990829032921031031220010003815462273603212111000000010909123586634985261139452243655289590523601230171227516468492828105831858013138217520551768992905794917414083092360087781737617964444445555555.11666...6..6..62.6.576767.87.877007.7127755.7..386..7888.88889%8.222282228%.%.8%.5%.%5..999%%.7.%89%..9977.612.399%%4.4..51.6...%.710000.8811%9%%..11%%333122...%455551%.6..58%7%911%..%%%022%3%09999411%%6600%10%99%%%066%%%%%11%1%.%11131.%%1%.1%221%%..122.11%%1.1112.2214516..311393113115..13133333334%.11455141141%11%.11.41%%143%1.135.1%.515.1%8525.9156666666.55.%%5.255.64656174414%%.81161156.01%10661.361.7.7%1.2.%671.155555558...%.1..%1.%2.37%81111551%88.6887.%28778%..8%29229%.08214444.2.8%.94295%67%992%0%.1.8889%%9..2%..40.%%.%0%00%%.0%7777%9.026.1%0.22%33%%552%.162%%8..%021.22...5.0000%%2782%%.%%0%2%122222.%43%6%723%355322%222%4%.%4%%.22%%.273%5..77.585%0255.26666666324.522690%.5344.%.%7..722222220%7%%737566666663.77%2%3.6.6666666%..%.%777777740%%3562809777777777733%39999999%.1%%%.%33333333332207777777743.1111111111..%788888888%.443888888888813%33333333%%633333333333%38838888887.5555555555998988888888.99999997.4.%.777777770444444424%9999999992%0000000%%999999999.111114222222222,,,,,%1111114000004,,,,,,94444491111111000000.44444.,,,,,,,99999905111111111111115666666%53%,,,,,,44444444111111112222225.8888888.4,,,,,,,,0000000111111.2222222250%111111%,,,,,,55555555811333333%33333333.,,00000011186335555556,,,%355114444.77,,0002111144.8999%,,,,6615555%722,11111111514444,,,,6.11666646,,11111%1668888,,7778800221110837,,,.28885.222%9777%119,,222099,,,.88001044334%660 01/29/2020-02/04/2020 Current 02/26/2020-03/03/2020 WOW 03/25/2020-03/31/2020 1 Year Ago 04/22/2020-04/28/2020 05/20/2020-05/26/2020 Avg Daily 06/17/2020-06/23/2020 Active 07/15/2020-07/21/2020 132 08/12/2020-08/18/2020 6.5% 09/09/2020-09/15/2020 103.1% 10/07/2020-10/13/2020 11/04/2020-11/10/2020 -42.3% 15.4% 783 16.9% Active Units 12/02/2020-12/08/2020 for Balance 12/30/2020-01/05/2021 01/27/2021-02/02/2021 12.1% -1.4% % of Balance 02/24/2021-03/02/2021 Avg Daily Active 03/24/2021-03/30/2021 04/21/2021-04/27/2021 Active Units for Balance 05/19/2021-05/25/2021 06/16/2021-06/22/2021 07/14/2021-07/20/2021 08/11/2021-08/17/2021 09/08/2021-09/14/2021 10/06/2021-10/12/2021 11/3/2021-11/9/2021 12/01/2021-12/07/2021 12/29/2021-01/04/2022 01/26/2022-02/01/2022 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% 100.0% $1,500,000-$2,000,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric 01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $1,500,000-51547569789311133112312233214224423233251323232443242433634125163523252523243532443322241213333312133323131121313112223232132132232222213322221221212312233222232224006373694571630527358616275057840275831756018400871913393380666762242633087469604387731642574519642335083211682265423539919937923437316723607561969436775949910332789..46200447810760408807792946140924019691928644338061531325362528926889890378469222106014539791138121899439670268881395104132462704392094913486384258422465001000...0034040.05...0.0066.070717111111...111.11.191.911911..11.1..99.1101...101010.00..011...111.11.1..1.1111.1112..122212..122.21..213131.1.111313..131.133..1.111.44.1141.41.114444..4.1..5...15.1.15.1.5..5.115166.6.66.161..6.666661.177.7.7.77..2..78.2.88882.828.92292.9292..02.0...211..11222.222.23222.2.444.2.22.2.2222..56662662.2.2.....3.373888888.8...3.9.9.3939030303.33.3.1..332.2..33.334..45533334..44.8.484.994..40..400411.4.2.2.3.34 4.59.552.5.544..66566..90.166..5567.7.90.1 WOW 01/29/2020-02/04/2020 $2,000,000 1 Year Ago 02/26/2020-03/03/2020 Showings 03/25/2020-03/31/2020 245 Showings Listing Total 04/22/2020-04/28/2020 800 -16.7% 05/20/2020-05/26/2020 700 -41.9% 06/17/2020-06/23/2020 600 07/15/2020-07/21/2020 500 1.9 Shows per 08/12/2020-08/18/2020 400 -21.7% 09/09/2020-09/15/2020 300 -71.4% 10/07/2020-10/13/2020 200 11/04/2020-11/10/2020 100 12/02/2020-12/08/2020 8.8 12/30/2020-01/05/2021 0 01/27/2021-02/02/2021 02/24/2021-03/02/2021 Total Showings 03/24/2021-03/30/2021 04/21/2021-04/27/2021 05/19/2021-05/25/2021 06/16/2021-06/22/2021 07/14/2021-07/20/2021 08/11/2021-08/17/2021 09/08/2021-09/14/2021 10/06/2021-10/12/2021 11/3/2021-11/9/2021 12/01/2021-12/07/2021 12/29/2021-01/04/2022 01/26/2022-02/01/2022 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 10.0 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 $1,500,000-$2,000,000

0 100 200 300 400 500 600 700 800 Greater Metro Denver Attached and Detached Residential $1,500,000- $2,000,000 01/01/2020-01/07/2020 221232322131322331322232321121222312112111122221111221112112111111122312411221113111111111122322121211111211112211212112111311221113211211323749457777887897654439798245238045589914242557129136660574056452990330105302143112072868411816327369392759032747926144424968741935952334734658681184959396458205557878..1414951595511.11619.75.9710800197108.1410.211..0990.3101101111.211.661.5111111.1171111.1811..9170111..1.22221111221.112122411144111116.6.2211121..31223.2.88.990012132033121211311.1.3133.113103..21.11553.36.51188311.656.7.13115.31.181.6813.3.916903311.01.111316.6621411141.7717.1344741.4..11114142.111.57416148917.1177188818488.411844.3.14.94149424.2241499.19925212.152255251325341.5.211.41.5.521.5.0.02.0106.6.325447027.58.11.2.81121.885181.1521199155510.15011.2512161222672211.92.32261246226.6316.216526..1.56168.307293337.32213886268422449.6.17..26.9026.14.6.62221422225.66632755273131.5.2455222002222725.135.275.66.216216271612086922.62773699446667777.787229712.72827837.834872226278.4.829990133111611123.88143877693.7.1183.1.99939912391318001132999088390.111099039440315.35218133.009212333...231334.43329963..3982.3200902932133023422222.360333033833330..33353034.4644.47799303.1114.923333440.36378.5110112335.6466666633790233252632823322492292229942024..6..891.445622562744424344423342440424..289524003.465953445.7402.8.81.22486426952.1.322752570.2.4.358592775591399.612 36.0 Showings vs. Contracts 01/29/2020-02/04/2020 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric 02/26/2020-03/03/2020 33.0 WOW 03/25/2020-03/31/2020 1 Year Ago 04/22/2020-04/28/2020 32.0 05/20/2020-05/26/2020 681 245 Total 06/17/2020-06/23/2020 -16.7% Showings 07/15/2020-07/21/2020 649 -41.9% 08/12/2020-08/18/2020 09/09/2020-09/15/2020 15 Pending 10/07/2020-10/13/2020 15.4% 11/04/2020-11/10/2020 -42.3% 12/02/2020-12/08/2020 12/30/2020-01/05/2021 16.3 Shows to 01/27/2021-02/02/2021 Total Showings -27.8% Contracts 02/24/2021-03/02/2021 0.6% 03/24/2021-03/30/2021 04/21/2021-04/27/2021 05/19/2021-05/25/2021 Pending 06/16/2021-06/22/2021 07/14/2021-07/20/2021 Showings to Contracts 08/11/2021-08/17/2021 09/08/2021-09/14/2021 38.0 10/06/2021-10/12/2021 33.0 28.0 11/3/2021-11/9/2021 23.0 12/01/2021-12/07/2021 18.0 12/29/2021-01/04/2022 13.0 01/26/2022-02/01/2022 8.0 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 $1,500,000-$2,000,000

01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $1,500,000-1101 8825 108 01/29/2020-02/04/2020 $2,000,00019 02/26/2020-03/03/2020 Median Days on Market for Pending Home Sales35 53 03/25/2020-03/31/2020 5 110116 04/22/2020-04/28/2020 1800 171 05/20/2020-05/26/2020 1601100 2024 06/17/2020-06/23/2020 1405911101234111188299224227833322347443457 07/15/2020-07/21/2020 120 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 08/12/2020-08/18/2020 1006 162211 63 09/09/2020-09/15/2020 20 54 10/07/2020-10/13/2020 80 5577 11/04/2020-11/10/2020 602637 12/02/2020-12/08/2020 4024 120 12/30/2020-01/05/2021 2010 72 01/27/2021-02/02/2021 75 90 Current Metric 02/24/2021-03/02/2021 0 444444444444444455555555555555555556666666666667777778888889111..111155111100101112221333313111.4551166.7772.5995.15222522673.939.55322.55.450 69 99.5 WOW 03/24/2021-03/30/2021 1 Year Ago 04/21/2021-04/27/2021 05/19/2021-05/25/2021 6 DOM 06/16/2021-06/22/2021 0.0% 07/14/2021-07/20/2021 0.0% 08/11/2021-08/17/2021 09/08/2021-09/14/2021 10/06/2021-10/12/2021 2126 37 51 25 50 11/3/2021-11/9/2021 12/01/2021-12/07/2021 48 72 12/29/2021-01/04/2022 43 66 01/26/2022-02/01/2022 66 18 32 42 02/23/2022-03/01/2022 03/23/2022-03/29/2022 04/20/2022-04/26/2022 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 $1,500,000-$2,000,000

01/01/2020-01/07/2020 11111141..26112.830%%.1.7%.22.0%4%8%3%3.3654.%3.07%.%0%54.6% Greater Metro Denver Attached and Detached Residential $1,500,000-11111110000000990000000999999559.......939880000000222118..18888808.088922889%%%%%%%8..88.8..87.7778877.3360.667887.%%8455.88888585844%0848.7...8888888333..%%7.%77..%22%792%6..777755111117700.1%1..5%720.01%7770000000%77..09668877777..28%.%8888%%7.....7733%%..%776%.7%.44217777%%.......88886675%3.0%%..777555556%.5....40000000..%%772633996.3%%6.%22223333%%%%..2%886%66%1119.....%%8.%%%%%%%2266666666600%9..%%900000.%....%%%%65.%%868866633...%16666%7777%%66666666662..6..444%%%%%665%6666.43..04447%%6%6663333%%%%6...3......%4522552%%%555511.1111777777777.%55%...%%000....529.5%79%%88.5333885556666775..55....%%%0%%%%%%775555...655%.51111%.5..5%%%..444000%%%%..43355555%1..88%2332299.%%.%%%%110....%%%.04..%0000644%%%0.4%%..555%%28844%%.966%64....%669%54%%%%%%4400004%%%.2..%33.17..%%%%2205.34488.%9%%.%75%%..0%55%2.%3%%82%.36.%1% 01/29/2020-02/04/2020 220022..5500..%%3003%%.3% $2,000,000 02/26/2020-03/03/2020 Price Reductions for Pending Transactions 03/25/2020-03/31/2020 04/22/2020-04/28/2020 100% 90% 05/20/2020-05/26/2020 11415.8.2324.2%38%..%383%%3.34%4558.055..0%50%.%6% 80% 06/17/2020-06/23/2020 70% 07/15/2020-07/21/2020 60% 50% See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 08/12/2020-08/18/2020 40%22327.88..33%3636%6444%484..7014442.82445...5%5.%69.2771%9..%%%0..8%%14%%6%%0.0% 09/09/2020-09/15/2020 30% 10/07/2020-10/13/2020 20% 11/04/2020-11/10/2020 10% 0% Current Metric 101100000001001000101010000165284171032231611425292890721////////////////////////////121102102222023321210200011217000432504563219357688681149/3////////////////////////////2222222222222222222222222222/2000000000000000000000000000002222222222222222222222222222211111121223212212220022122111----------------------------0010100000000010100000100001-141336512733241958212067819021////////////////////////////0232121030020102120200102011/91989583161763621245210072447/////////////////////////////22222222222222222222222222222000000000000000000000000000002222222222222222222222222222210002221123112222121221203111112...444400066667777..88..8819191%%%902..111.88..111...1331..167..011.01.11.777%1%12332%%611720113353%%11331%%.441.%.5%%%5..%%1.%665%2.%8%61..%.228277.0.7122..8700..32899..%3302%.%0201%1..22222%.%10012.%7%%%222443%.2%62222%%.232%%...2555555.%%.50%2383166613%%.6%477777%.73381.....%.%83333390%0%...%000000.%....3%5.13317773.%93333333%3333338..3..6%%%%%34%333.557.03%%%64%4666%%%%.....7%687%48.88833333..%4%%.%0...48.4%33%.0144444.44%%%%%...02454.45%4999%%%.550%%%6655%.6%77.%.%%%9..%0..00455.%55.22%74%5..%335%%%%00%%7..668%%88.611.1%%34..%55%7.7%%17%.64.%9% WOW 1 Year Ago 26.7% Decrease Increase No Change 19.0% 14.7% 0.0% 0.0% -8.0% 73.3% -19.0% -6.7% 0.0% Decrease Increase No Change $1,500,000-$2,000,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric $ Reduction % Reduction 01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $1,500,000--15.9%-14---.12113-%331...4233%.%%-8---111-1%---1-1111-111-1-111.1..11.11-6661.5001.3...-%-%%2.1%11..1010%99%%%%--0-.0%%99%59-..-9..1%1-.-9-99999.-%9%6%%.9%..-4.33-%-.828%08%%--.%--8.8%6.-----8-754-77777.7.%--.-71-.%1%7...--0.7.7.97888-8.877%7%-.%.6.7%-.--64%%%%-4%..4%-36-66%22.-6-6.%6%%06%.69..-%%.-7.77.6-%6.-6-5.%5----54-%553%%-.-555%-5.--%5%51--.5%05.5.%5...955.-88.---.%-7-77.7%..-65.5555%5.4.4-4%4%44--%%%33-%-%4....%44%..4%%40%.000%9%9.8....-7%%%%66%%55-%3%3%%--%%.3-29.2-7..%243.--%-622.2%%9%...60%5-%%%1--------------------------------------------------------------------.$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$5--------------------------------11211112111112121122121111111111213112112111112111121112111211212311$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$%0700163667730572003218040661211751116446522545950042103230203295153369399989999387343888895486999752008007142512321115300143591301133589952357652412337290900079878751690526211001504705877071537203153055..,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,006420300230665032240276263656039597756906003007900149684672774224896002595008300100039510508005850500%%50605959106007100670003506276006023000571236150083833225586056060815000383018000009000000900000027805148303007070850940070700436082070250700730730198000000750060471377700700051800000000000400003064580 WOW 01/29/2020-02/04/2-1092.00% $2,000,000 1 Year Ago 02/26/2020-03/03/2020 Size of Price Reductions for Pending Transactions 03/25/2020-03/31/2020 -$237,425 04/22/2020-04/28/2020 $0 28.3% 05/20/2020-05/26/2020 -$50,000 91.5% 06/17/2020-06/23/2020 -$100,000 07/15/2020-07/21/2020 -$150,000 -10.9% 08/12/2020-08/18/2020 -$200,000 -2.5% 09/09/2020-09/15/2020 -$250,000 -3.9% 10/07/2020-10/13/2020 -$300,000 11/04/2020-11/10/2020 -$350,000 12/02/2020-12/08/2020 -$400,000 12/30/2020-01/05/2021 01/27/2021-02/02/2021 02/24/2021-03/02/2021 03/24/2021-03/30/2021 04/21/2021-04/27/2021 05/19/2021-05/25/2021 06/16/2021-06/22/2021 07/14/2021-07/20/2021 08/11/2021-08/17/2021 09/08/2021-09/14/2021 10/06/2021-10/12/2021 11/3/2021-11/9/2021 12/01/2021-12/07/2021 12/29/2021-01/04/2022 -9.8% -3-.35.%1-%2.0-$%---2$$$25350181,,,,000300300030 01/26/2022-02/01/2022 02/23/2022-03/01/2022 -16.5% -13-1-.-1-42112%.22-8-.-1.15-.1%431-11%11%%1.-..71-615.13%.%0-%10%1.%-.6095%.--.%099-99%-.-%.8-484.8-1--.%.%88-98.8%-86-.-.%.7%473-73.%-7.1-7%.%.-%97-8--8.%-7.776%76.4%%-.3..%.26.%00-09%--%6.%-%%666%-5.52..%.00.9%7%%-%--%4-444...-8.764--5%33%%.%0..88%%% ------------------------------------------------$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$-------122111121111122112221211212111111112213122211111$$$$$$$03517106573382700424973176705147559256365773118177779985030197587515117967804820389620559167220063579255115772,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,628046075035405000240080840690001292486502775250955325027045658000600856005056051005525251685000000051053500007077070090000707000600070300007077030405003657700300000 $ Price Reduction 03/23/2022-03/29/2022 -11.2% 04/20/2022-04/26/2022 -10.9% -8-.-898.%.53-%%7.3% 05/18/2022-05/24/2022 06/15/2022-06/21/2022 07/13/2022-07/19/2022 08/10/2022-08/16/2022 09/07/2022-09/13/2022 10/05/2022-10/11/2022 11/02/2022-11/08/2022 11/30/2022-12/06/2022 12/28/2022-01/03/2023 01/25/2023-01/31/2023 0.0% -2.0% -4.0% -6.0% -8.0% -10.0% -12.0% -14.0% -16.0% -18.0% -20.0% $1,500,000-$2,000,000

$2,000,000-$3,000,000 $2,000,000-$3,000,000 1.6% of homes in the 7 Metro Counties are between $2,000,000 - $3,000,000

Strategy Sheet Pre-COVID-19 Pre-COVID-19 Greater Metro Denver Attached and Detached Single Family Historic Cycle Based on previous years in this cycle (2013-2019) these values represent Target July August- November- January February March Early April Late April- June July August September historically Pre-COVID-19 when the Listing January October December May May market was competitive by month. Month 134 Target February March April June July August September October November December The market was likely to favor those Closing sellers were are ready to take Month advantage of early buyer activity by listing March-May. Active Count 102 110 117 124 143 146 145 143 131 116 100 Sellers late to the market in the Pending 8 12 14 14 16 14 11 13 13 13 10 6 summer months were more likely to Count spend longer on the market, make price reductions and sell at lower prices than Closed Count 6 6 9 16 14 17 12 12 11 14 11 10 spring sellers. Expired 12 8 7 8 8 13 8 12 14 17 14 21 Count 10.5% 13.3% 15.4% 17.8% 17.2% Buyers were most likely to have $2,000,000-$3,000,000 94.2% 95.5% 94.9% 96.7% 95.3% 16.1% 12.6% 13.5% 12.7% 14.7% 13.1% 11.8% negotiating power in the mid summer- Odds of fall. Selling 95.8% 96.2% 95.5% 95.4% 95.4% 95.9% 95.5% % of Close/List Avg DOM 169 131 103 108 120 101 120 101 105 104 96 120 Med DOM 141 110 43 38 56 37 58 67 44 46 59 55 % U/C 7 Days 17.1% 36.6% 25.0% 31.5% 17.7% 28.6% 21.0% 19.3% 25.3% 28.3% 20.0% 18.8% or Less 35.8 11.1 9.5 13.1 14.1 14.4 12.8 15.8 11.8 34.1% 27.1% 23.5% 34.9% 33.7% 33.7% 36.0% 37.7% Months of 19.80 -8.9% 16.3 9.7 -6.6% 25.2% -10.9% -9.0% -9.2% -9.8% -8.3% -11.0% Inventory 2.9% -0.2% -9.1% -0.8% 0.0% 1.5% -0.4% -0.7% 0.9% 3.2% -1.7% -2.2% -1.4% 0.2% 1.9% -2.4% 4.5% -1.8% % of Reduced 34.1% 0% 18.8% 26.9% 0% -3.0% 0% 0% 0% 0% 0% 0% Listings -12.1% 0.0% -10.8% -11.2% 0% Average 0.0% Price -3.4% 3.0% 0% Reduction -4.0% 4.6% % Change Avg Sold 0% 0% Price MOM % Change Med Sold Price MOM % Distressed Sales Thi s repres enta ti on i s ba s ed i n whol e or i n pa rt on content s uppl i ed by REcol ora do®, Inc. REcol ora do®, Inc. does not gua ra ntee nor i s i t i n a ny wa y res pons i bl e for i ts a ccura cy. Content ma i nta i ned by REcol ora do®, Inc. ma y not refl ect a l l rea l es ta te a cti vi ty i n the ma rket. Da tes s hown on gra phs for ti mefra mes i ncl uded. Ada ms , Ara pa hoe, Broomfi el d, Denver, Dougl a s , El bert, Jeffers on. Projecti on ba s ed on a vera ge va l ues from 2013-2019. Less More Competitive Competitive

Typical trends do not line up with post COVID market dynamics. It’s more $2,000,000-$3,000,000 important than ever to pay attention to current market trends rather than relying on historical data. The market favors sellers more deeply than ever, not only seasonally but historically. The odds of selling, median days on market, lowest levels of inventory and interest rates are the primary driving metrics forcing our market into an extended selling season. Sellers resistant to shifting their marketing strategy will be quickly left behind and may find themselves missing out on some of the best market conditions ever experienced in Metro Denver.

$3,000,000 or More $3,000,000 or More 0.7% of homes in the 7 Metro Counties are between $2,000,000 - $3,000,000

Strategy Sheet Pre-COVID-19 Pre-COVID-19 Greater Metro Denver Attached and Detached Single Family Historic Cycle Based on previous years in this cycle (2013-2019) these values represent Target August September October November December January- April May June Early July Late July August historically Pre-COVID-19 when the Listing January February March March July market was competitive by month. Month 66 April May 84 August September October November December Target 70 June The market was likely to favor those Closing 4 sellers were are ready to take Month 83 5 advantage of early buyer activity by 4 listing March-May. Active Count 65 73 79 9.1% 84 87 86 78 69 96.3% Sellers late to the market in the Pending 2 3 5 5 6 5 22 54343 summer months were more likely to Count spend longer on the market, make price reductions and sell at lower prices than Closed Count 3 2 3 4 5 6 55433 spring sellers. Expired 5 6 6 5 3 6 6 6 8 6 13 Count 6.8% 7.0% 8.9% 10.1% 11.4% 10.7% Buyers were most likely to have $3,000,000 or More 93.7% 94.9% 93.7% 92.9% 96.6% 94.0% 9.3% 7.9% 6.6% 7.9% 6.8% negotiating power in the mid summer- Odds of fall. Selling 95.9% 93.5% 96.9% 95.8% 92.9% % of Close/List Avg DOM 97 77 106 278 111 57 58 147 55 84 66 Med DOM 68 61 149 322 205 67 155 110 84 102 93 73 % U/C 7 Days 45.0% 23.5% 17.4% 25.9% 18.9% 22.5% 22.9% 31.3% 16.2% 33.3% 20.8% 30.4% or Less Months of 24.26 30.3 35.8 27.6 23.1 25.8 18.1 23.0 27.3 21.8 37.6 28.9 Inventory % of Reduced 20.0% 17.6% 47.8% 22.2% 27.0% 27.5% 37.1% 15.6% 32.4% 37.0% 33.3% 30.4% Listings -11.2% -4.9% -9.3% -8.8% -6.6% -9.0% 0.0% -8.0% 7.9% -17.5% -13.8% -11.9% -15.7% -18.2% -17.1% 8.3% -5.2% 11.5% Average 0.0% -7.0% 9.7% 8.5% -2.0% 9.0% Price 9.8% -17.8% -1.2% 0.8% 1.9% -4.5% 0% 0% 0% 0% 0% 0% Reduction 12.6% -18.7% 0.3% -7.8% 5.6% -4.1% % Change Avg Sold 0% 0% 0% 0% 0% 0% Price MOM % Change Med Sold Price MOM % Distressed Sales Thi s repres enta ti on i s ba s ed i n whol e or i n pa rt on content s uppl i ed by REcol ora do®, Inc. REcol ora do®, Inc. does not gua ra ntee nor i s i t i n a ny wa y res pons i bl e for i ts a ccura cy. Content ma i nta i ned by REcol ora do®, Inc. ma y not refl ect a l l rea l es ta te a cti vi ty i n the ma rket. Da tes s hown on gra phs for ti mefra mes i ncl uded. Ada ms , Ara pa hoe, Broomfi el d, Denver, Dougl a s , El bert, Jeffers on. Projecti on ba s ed on a vera ge va l ues from 2013-2019. Less More Competitive Competitive

Typical trends do not line up with post COVID market dynamics. It’s more $3,000,000 or More important than ever to pay attention to current market trends rather than relying on historical data. The market favors sellers more deeply than ever, not only seasonally but historically. The odds of selling, median days on market, lowest levels of inventory and interest rates are the primary driving metrics forcing our market into an extended selling season. Sellers resistant to shifting their marketing strategy will be quickly left behind and may find themselves missing out on some of the best market conditions ever experienced in Metro Denver.

Terms, Definitions and Calculations Target Listing Based upon the sale date of the property, backing out the average time from the date the property is listed until it is placed under contract and the time the property spends from the date it is placed Month under contract until the closing date. This is used to determine the date that sellers need to list in order to hit their goal closing month. Target Sold Month Almost all metrics in this table are based off properties that close, so the data presented in each cell is based off properties that closed in that month. Active Count This is the number of units currently for sale in the 7 Metro County Region on a specific date, the 4th of each month. Essentially, if a buyer were to go out and see every property for sale on a given date Pending Count this is how many homes they would have to choose from. Sellers have a larger advantage when lower counts of homes are for sale, when supply is short buyers are more likely to have to compete against each other which drives prices up. This is the number of total units placed under contract where a buyer and seller mutually agree to terms of a negotiated contract. When this count is higher it is more favorable for sellers, the larger the potential pool of buyers the more likely a home is to sell. Closed Count This is the number of total units closed, or successful transactions resulting from a buyer and seller mutually agreeing and fully executing the terms of a real estate contract. Same as under contract, sellers have a larger advantage when this count is higher to sell their house. Expired Count Expired Count represents homes where the listing contract has past it's expiration date and are no longer marketed for sale. If the expired count rises this is unfavorable for the seller as fewer homes Odds of Selling are receiving offers and allows for the buyer to have more negotiating power. If this number is low, more homes are selling which favors the seller. % of Close/List The Odds of Selling is a ratio of homes for sale in each month, those that went under contract and closed vs those that remained in the market and did not sell in that same month. Since this is a direct Avg DOM ratio of the buyers and sellers in a market, the higher this number is the more likely it is that a home will sell, which is advantageous to the seller. If this number is lower, that means that buyers will have more negotiating power and be less likely to compete against multiple offers. The percent of asking price received by the seller from the closed transaction. If this number is over 100% it means that multiple offers are likely at this time of year, due to lower listing counts and more buyers writing contracts. This number is typically highest in the late spring-early summer months as a result of multiple offers due to low supply and more buyer activity. Average Days on Market is the average length of time it takes from the date the property is listed until the property receives a contract for purchase from a buyer. Shorter days on market favor the seller, while longer days on market favor the buyer. If homes are selling very quickly this is also an indication of more buyer activity- days on market are at their shortest for homes closing in April, May and June- as a result of homes being listed in March, April and May. For the last 6 years this has been the trend and is likely to continue in 2019. Med DOM Median Days on Market is the time measured in days at which point 50% of the properties for sale have gone under contract. Same as above- but using median days on market rather than average. % U/C 7 Days or The percentage of units in that month that went under contract withing one week of being listed. Again, the faster homes sell, the larger and more competitive the pool of potential buyers is for Less properties in Denver. The fastest months are represented by those homes listed in March, April and May. % of Reduced The percentage of all closed transactions that experienced one or more price reductions from the Original List Date until the date the property is place under contract. This metric only tracks the Listings amount the price had been reduced and not any additional negotiations once a contract has been offered or accepted. Average Price The average price reduction, or difference between the original list price and the last asking price when a property is placed under contract expressed as a % of the Original List Price. This price does Reduction not reflect how many price reductions but rather the entire amount reduced regardless if it was in one or multiple price reductions. Months of The Months of Inventory is how long it would take to sell out of the existing inventory for sale at the current rate of sales (Active/Sold). A 6-month supply of homes is a market in equilibrium where Inventory (MSI) buyer and seller are on an even playing field, and typically represents when appreciation matches the rate of inflation. Denver has averaged about 4-4.5 of inventory over the last 15 years. The lower this number is the more it favors the seller. % Change Avg Sold This is the percent change in average sales price from the previous month. Price is a function of the relationship between supply and demand. If supply or homes being listed is low or going down (like Price MOM in late winter and early spring) and demand is rising, early buyer activity prices rise. The shortest supply is in the months of January, February, March and April, buyers begin to search for their home early in the year, so demand is rising. If supply is down and demand is up prices rise due to multiple offers on homes. % Change Med This is the percent change in median sales price from the previous month. Same statement as above, just using median price as the variable. Sold Price MOM This is the overall percent of distressed properties that closed, including short sales, HUD or government sales and foreclosures. When the level of distressed homes is higher, sellers are in a position to % Distressed Sales sell homes at lower prices than the value of the current loan on the house- selling for a loss. This is an indicator if a market is declining. With close to zero percent anticipated distressed sales sellers have equity in their homes so when they sell, they are profitable.

Sourcing Page Megan Aller First American Title Insurance Company 720-229-6641 [email protected] Title insurance license: 360158 Real estate license: FA100080623, Porchlight Real Estate Group REALTOR NRDS: 219534435 Included in this presentation include data from the following sources: This representation is based in whole or in part on content supplied by REcolorado®, Inc. REcolorado®, Inc. does not guarantee nor is it in any way responsible for its accuracy. Content maintained by REcolorado®, Inc. may not reflect all real estate activity in the market. Dates shown on graphs for timeframes included. Showing data from ShowingTime.