Market Report Weekly April 13th – 19th, 2022

April 13th – 19th, 2022

Please Note The contents of this report only reflect both attached and detached residential units (ASF+DSF) homes in the 7 Metro Denver Counties: Adams, Arapahoe, Broomfield, Denver, Douglas, Elbert and Jefferson. 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 courtesy of ShowingTime.com. We highly encourage you to review reports published by your REALTOR® Board and REcolorado®. Each report covers a different geography and will report different values for all metrics. Complete Sourcing information, definitions and terms are in the back of the report.

All Prices All Prices 100% All homes in the 7 Metro Counties

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 November December January- March April May June Early July Late July August September October historically Pre-COVID-19 when the Listing February April May June market was competitive by month. Month Target January February March 5,186 5,852 6,460 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 4,580 4,500 4,704 6,777 6,787 6,812 6,163 5,129 4,108 Sellers late to the market in the Pending 2,539 2,842 3,573 3,882 4,089 3,932 3,664 3,578 3,154 3,193 2,593 1,979 summer months were more likely to Count spend longer on the market, make price reductions and sell at lower prices than Closed Count 1,986 2,174 3,018 3,296 3,876 4,096 3,911 3,754 3,304 3,222 2,795 2,869 spring sellers. Expired 609 476 504 457 477 576 594 714 732 815 696 1,149 Count Buyers were most likely to have 47.9% 51.3% 56.5% 56.5% 56.2% 53.6% 50.9% 49.7% 46.4% 48.2% 48.3% 48.5% negotiating power in the mid summer- Odds of fall. All Prices Selling 99.3% 99.7% 99.9% 100.0% 100.0% 100.0% 100.0% 100.0% 99.8% 99.7% 99.6% 99.4% % of Close/List Avg DOM 45 43 36 29 25 22 23 25 28 31 34 39 Med DOM 22 17 10 7 7 7 8 10 12 14 17 20 % U/C 7 Days 32.3% 41.9% 49.7% 55.4% 56.7% 54.4% 50.0% 44.5% 40.6% 37.4% 34.8% 32.5% or Less 2.1 1.6 1.6 1.5 1.6 1.7 1.8 2.1 1.9 1.9 1.4 Months of 2.32 26.9% 22.1% 18.9% 18.4% 19.5% 22.8% 27.4% 31.1% 33.3% 36.4% 37.7% Inventory -5.5% -5.4% -5.1% -4.9% -4.7% -4.8% -5.0% -5.1% -5.3% -5.3% -5.3% 3.1% 2.2% 4.9% 0.7% -0.7% -0.7% -3.0% -0.1% -0.1% 0.0% -0.8% % of Reduced 33.2% 3.3% 3.4% 2.8% 1.3% 0.4% -0.8% -1.9% -1.2% 0.4% -0.9% 0.6% Listings -5.6% -0.9% 0% 0% 0% 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 All Prices 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- All Prices 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 475 1.2 19.3% 29 38.9% 01/01/2020- 53.6% 4,579 735 189 144 96 909 631 0.8 2020 14.1% 145 15,429 3.4 17.0 16 31.2% 3.8% 57.3% -$24,969 -4.7% 01/07/2020 61.3% 4,322 947 197 146 84 1,171 684 0.8 14.1% 16.9 12 29.5% 2.1% 66.7% -$25,389 -4.5% January 01/08/2020- 62.0% 4,187 1,020 208 151 76 1,136 632 0.8 23,725 13.3% 161 19,801 4.6 18.7 8 26.2% 4.2% 66.4% -$29,118 -4.6% 01/14/2020 63.0% 4,029 1,017 198 126 88 1,159 822 0.8 30,563 13.0% 18.6 7 25.4% 4.4% 69.3% -$19,306 -3.8% 01/15/2020- 62.6% 3,814 1,084 215 286 100 1,128 693 0.7 29,650 12.4% 145 21,285 5.1 17.2 6 21.5% 4.5% 70.1% -$25,423 -3.7% 01/21/2020 64.8% 3,805 1,149 221 140 68 1,171 781 0.7 30,250 12.2% 17.6 7 22.1% 4.2% 74.3% -$27,655 -3.8% 01/22/2020- 66.4% 3,704 1,039 237 133 76 1,168 839 0.7 29,441 11.7% 151 21,570 5.4 18.6 6 19.1% 5.1% 72.8% -$27,805 -4.1% 01/28/2020 68.1% 3,725 1,215 235 107 102 1,220 1,212 0.7 30,563 10.9% 18.5 5 17.4% 4.6% 76.3% -$23,112 -3.9% 01/29/2020- 69.5% 3,668 1,325 242 256 80 1,288 849 0.7 30,485 11.9% 138 19,376 5.1 18.6 5 14.5% 4.5% 78.1% -$25,054 -4.0% 02/04/2020 66.0% 4,587 1,557 255 147 108 1,481 908 0.9 31,842 15.0% 19.1 5 14.5% 4.4% 81.1% -$20,436 -3.6% February 02/05/2020- 63.0% 4,945 1,551 370 137 164 1,262 938 1.2 33,617 19.5% 137 20,661 5.4 18.9 4 13.6% 5.4% 80.1% -$24,810 -3.8% 02/11/2020 59.0% 5,439 1,534 480 145 306 1,069 1,062 1.3 38,654 21.6% 13.1 5 14.3% 3.1% 83.3% -$23,789 -4.4% 02/12/2020- 56.7% 5,458 1,267 342 296 325 969 707 1.5 32,938 24.3% 147 21,733 5.9 9.9 7 18.4% 5.3% 80.5% -$27,325 -4.3% 02/18/2020 52.7% 5,453 1,226 328 151 259 860 717 1.8 27,901 29.3% 10.9 10 24.4% 4.2% 77.4% -$20,770 -3.7% 02/19/2020- 49.9% 5,521 778 229 175 300 721 787 1.6 25,291 27.0% 136 22,598 6.1 2.9 13 25.1% 4.8% 70.8% -$24,389 -4.4% 02/25/2020 53.1% 5,454 683 292 126 191 775 712 1.6 22,446 27.3% 1.8 14 22.7% 3.1% 71.8% -$21,342 -4.1% 02/26/2020- 51.8% 5,465 1,037 414 123 168 768 850 1.0 18,818 17.2% 134 23,991 6.5 9.5 8 19.9% 6.0% 71.3% -$22,378 -4.1% 03/03/2020 56.7% 6,150 1,413 370 280 185 1,366 558 0.9 20,228 15.5% 12.1 9 22.3% 4.3% 75.8% -$22,470 -3.9% 03/04/2020- 57.2% 6,228 1,580 382 141 126 1,542 674 0.8 20,045 13.6% 132 28,214 6.2 13.3 9 24.5% 3.9% 73.8% -$22,313 -3.8% 03/10/2020 60.9% 6,350 1,587 436 119 181 1,783 592 0.9 35,653 15.3% 14.1 9 26.8% 4.0% 71.6% -$22,575 -3.8% March 03/11/2020- 57.9% 6,472 1,426 314 117 123 1,619 1,051 0.8 40,246 13.9% 102 23,854 4.8 11.7 8 25.5% 3.5% 69.7% -$21,088 -3.7% 03/17/2020 61.9% 6,249 1,584 361 273 171 1,726 898 0.8 46,536 13.8% 15.6 7 26.7% 3.4% 71.1% -$21,782 -3.7% 03/18/2020- 62.2% 6,271 1,586 345 162 153 1,743 1,229 0.8 42,256 12.6% 78 13,994 2.6 12.4 8 27.1% 3.5% 71.1% -$21,791 -3.8% 03/24/2020 66.6% 6,222 1,647 339 135 201 1,892 1,163 0.8 45,049 12.9% 12.4 7 28.1% 3.2% 69.8% -$23,092 -3.9% 03/25/2020- 66.2% 6,037 1,567 320 120 154 1,794 1,825 0.7 45,492 12.0% 86 9,606 1.8 12.1 7 25.7% 4.4% 67.5% -$26,558 -4.3% 03/31/2020 69.7% 5,905 1,604 382 252 180 1,878 986 1.0 49,381 15.9% 12.2 9 27.2% 3.0% 71.3% -$23,531 -4.0% 04/01/2020- 61.9% 5,814 1,212 287 131 169 1,401 1,287 0.7 46,823 12.3% 77 9,353 1.7 11.6 6 24.5% 2.9% 70.0% -$22,306 -3.8% 04/07/2020 67.7% 5,722 1,644 375 149 194 1,776 1,459 0.7 49,016 12.4% 16.8 6 24.0% 3.2% 72.3% -$30,582 -4.5% April 04/08/2020- 69.1% 5,735 1,587 358 128 183 1,772 1,317 0.8 36,566 12.6% 93 2,120 0.4 16.4 7 25.0% 3.6% 72.4% -$30,927 -4.6% All Prices 2020 04/14/2020 67.9% 5,608 1,488 353 142 179 1,705 1,592 0.8 46,354 12.9% 15.9 6 26.3% 4.0% 71.0% -$23,065 -4.0% 04/15/2020- 67.7% 5,434 1,447 353 282 201 1,616 1,094 0.7 46,249 12.1% 106 1,359 0.2 16.5 6 23.9% 3.2% 70.5% -$26,574 -4.1% 04/21/2020 66.5% 5,391 1,580 346 171 180 1,703 1,302 0.7 44,501 12.0% 15.6 7 25.6% 4.1% 72.0% -$24,959 -4.3% 04/22/2020- 68.1% 5,315 1,476 321 181 174 1,695 1,200 0.7 42,178 11.7% 70 7,313 1.3 16.1 6 24.3% 3.5% 70.9% -$30,253 -4.5% 04/28/2020 68.7% 5,211 1,535 365 131 147 1,713 1,617 0.7 44,448 11.5% 15.0 6.5 23.5% 3.3% 72.4% -$29,103 -4.5% 04/29/2020- 68.3% 5,129 1,439 342 361 175 1,703 964 0.8 44,240 12.8% 116 16,593 2.7 15.6 6 24.7% 4.2% 72.3% -$23,707 -4.0% 05/05/2020 65.9% 4,982 1,360 313 122 140 1,489 1,192 0.7 44,709 11.9% 15.3 6 23.5% 3.6% 71.7% -$27,908 -4.3% 05/06/2020- 68.6% 4,834 1,515 360 149 158 1,560 1,060 0.7 44,448 12.3% 122 20,556 3.3 16.8 6 22.9% 4.3% 72.2% -$26,207 -4.1% 05/12/2020 67.0% 4,787 1,391 342 152 145 1,488 1,139 0.7 38,863 12.2% 17.5 7 23.8% 4.9% 72.2% -$28,707 -4.4% May 05/13/2020- 68.2% 4,739 1,329 330 139 157 1,493 1,463 0.7 40,716 11.5% 139 25,082 3.9 17.5 6 25.6% 4.4% 71.9% -$28,525 -4.2% 05/19/2020 68.9% 4,712 1,450 287 287 180 1,570 964 0.7 38,837 12.4% 15.9 6 24.4% 5.6% 68.8% -$27,921 -4.5% 05/20/2020- 66.7% 4,685 1,335 302 126 151 1,447 1,244 0.7 38,967 11.9% 144 18,875 2.9 17.2 6 23.9% 4.0% 71.6% -$25,137 -4.0% 05/26/2020 69.6% 4,478 1,285 288 141 240 1,437 1,155 0.7 40,977 11.3% 16.8 6 23.3% 4.1% 72.0% -$27,401 -4.0% 05/27/2020- 69.8% 4,270 1,188 300 136 144 1,444 1,508 0.8 37,767 12.9% 140 26,918 4.3 15.0 6 20.5% 6.2% 70.5% -$28,648 -4.5% 06/02/2020 69.1% 4,333 1,045 292 115 253 1,286 1,093 0.7 37,506 12.0% 14.9 6 22.4% 4.5% 75.0% -$27,502 -4.3% 06/03/2020- 69.6% 4,042 1,090 303 112 135 1,288 1,073 0.7 37,688 11.6% 142 21,697 3.5 15.4 7 23.2% 4.8% 72.8% -$29,836 -4.5% 06/09/2020 69.8% 3,941 1,045 279 121 154 1,301 1,408 0.7 33,565 11.8% 15.7 6 21.8% 5.8% 70.9% -$30,497 -4.3% July June 06/10/2020- 72.5% 3,806 947 241 129 154 1,237 978 1.0 33,617 16.5% 152 23,407 3.8 12.6 10 28.7% 5.6% 72.5% -$22,980 -4.2% 06/16/2020 63.5% 3,489 515 145 227 115 810 1,049 0.6 33,956 10.2% 14.6 6 21.7% 5.1% 66.2% -$30,696 -4.7% 06/17/2020- 73.1% 3,172 353 239 94 106 1,191 1,032 0.7 32,286 11.6% 152 21,706 3.6 16.5 6 21.9% 5.8% 72.5% -$30,982 -4.7% 06/23/2020 71.6% 3,061 737 183 106 111 1,010 1,096 0.7 21,141 12.5% 16.1 6 20.6% 4.6% 73.5% -$26,344 -4.5% 06/24/2020- 67.7% 2,743 673 181 293 118 843 705 1.1 31,085 17.6% 152 22,961 3.9 12.5 8 22.4% 7.3% 72.0% -$25,982 -4.1% 06/30/2020 66.6% 2,377 338 125 66 57 518 26,361 14.1 6.2% 71.4% -$37,161 -5.1% 07/01/2020- 22,002 144 16,226 2.8 07/07/2020 13,520 07/08/2020- 141 29,881 5.2 07/14/2020 07/15/2020- 146 29,034 5.1 07/21/2020 07/22/2020- 148 27,110 4.8 07/28/2020 07/29/2020- 143 26,649 4.9 08/04/2020 August 08/05/2020- 142 26,562 4.9 08/11/2020 08/12/2020- 152 27,307 5.1 08/18/2020 08/19/2020- 146 25,735 4.9 08/25/2020 08/26/2020- 155 26,533 5.2 09/01/2020 October September 09/02/2020- 142 22,738 4.6 09/08/2020 09/09/2020- 134 26,188 5.4 09/15/2020 09/16/2020- 138 26,087 5.5 09/22/2020 09/23/2020- 145 26,167 5.5 09/29/2020 09/30/2020- 146 24,923 5.3 10/06/2020 10/07/2020- 142 24,832 5.3 10/13/2020 10/14/2020- 147 24,153 5.4 10/20/2020 10/21/2020- 157 21,682 5.1 10/27/2020 10/28/2020- 153 19,102 4.4 11/03/2020 December November 11/04/2020- 149 19,788 4.9 11/10/2020 11/11/2020- 159 20,455 5.2 11/17/2020 11/18/2020- 168 15,546 4.1 11/24/2020 11/25/2020- 187 11,830 3.4 12/01/2020 12/02/2020- 331 19,666 6.2 12/08/2020 12/09/2020- 178 16,301 5.3 12/15/2020 12/16/2020- 158 10,552 3.8 12/22/2020 12/23/2020- 169 7,313 3.1 12/29/2020

Geater Metro Denver Attached and Detached Residential Strategy Sheet by Week- All Prices 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 893 0.7 11.4% 8 19.8% 12/30/2020- 60.3% 2,206 462 154 569 62 742 701 0.4 2021 7.2% 195 12,770 5.8 17.2 5 14.6% 8.4% 71.9% -$29,836 -4.6% 01/05/2021 76.5% 2,158 972 190 74 77 1,153 663 0.5 7.7% 21.2 4 14.4% 7.9% 77.5% -$27,244 -4.6% January 01/06/2021- 74.5% 2,391 1,002 164 83 58 1,189 655 0.4 19,366 6.4% 169 24,463 11.3 21.8 4 12.0% 7.6% 78.1% -$40,450 -5.6% 01/12/2021 77.1% 1,998 1,034 178 91 82 1,195 835 0.4 30,093 6.5% 22.8 5 11.6% 7.1% 80.9% -$37,964 -5.7% 01/13/2021- 76.9% 2,154 1,155 194 141 92 1,279 772 0.3 31,033 5.5% 172 25,975 10.9 21.8 4 10.4% 7.6% 80.8% -$31,594 -4.6% 01/19/2021 80.4% 1,962 1,135 186 69 76 1,357 921 0.3 31,190 5.6% 22.4 4 9.4% 6.2% 83.3% -$36,573 -5.2% 01/20/2021- 81.8% 1,878 1,086 179 57 102 1,275 943 0.3 33,382 5.5% 169 27,263 13.6 22.3 4 9.3% 6.0% 84.6% -$32,572 -4.9% 01/26/2021 81.7% 1,794 1,071 194 80 81 1,252 1,296 0.3 35,418 5.4% 24.2 4 7.6% 5.4% 85.3% -$33,822 -4.8% 01/27/2021- 82.8% 1,710 1,164 170 129 64 1,223 864 0.3 33,278 4.9% 162 27,926 13.0 24.9 4 6.2% 7.5% 84.9% -$31,601 -4.6% 02/02/2021 83.0% 1,751 1,161 141 56 67 1,371 1,038 0.4 32,677 6.4% 25.1 4 9.6% 4.6% 89.3% -$37,134 -4.2% February 02/03/2021- 80.3% 1,782 860 141 106 75 1,067 1,063 0.3 31,920 4.5% 178 30,412 15.5 17.5 4 6.7% 6.4% 84.0% -$32,482 -5.3% 02/09/2021 84.7% 1,813 1,373 197 53 74 1,529 1,098 0.3 35,783 4.9% 24.7 4 6.6% 4.6% 88.7% -$22,373 -3.5% 02/10/2021- 79.7% 1,844 1,300 156 223 101 1,438 1,209 0.3 27,849 5.4% 174 28,410 15.1 24.3 4 7.5% 4.4% 89.0% -$27,255 -4.1% 02/16/2021 81.7% 1,834 1,238 160 143 56 1,313 1,053 0.3 39,907 5.0% 21.6 4 5.3% 4.8% 87.6% -$34,074 -4.6% 02/17/2021- 82.1% 2,149 1,553 213 93 93 1,634 1,083 0.3 37,532 4.2% 171 30,315 16.9 25 4 7.2% 3.3% 91.3% -$28,147 -3.9% 02/23/2021 85.3% 1,708 1,398 189 61 93 1,556 1,079 0.3 34,269 4.3% 18.3 4 8.0% 4.0% 88.8% -$39,318 -5.3% 02/24/2021- 84.8% 1,647 1,379 175 75 62 1,452 1,437 0.3 42,647 3.9% 159 30,416 17.8 23.6 4 6.9% 4.3% 87.7% -$34,933 -5.3% 03/02/2021 85.9% 1,610 1,558 186 123 83 1,567 1,059 0.3 40,612 4.3% 21.3 4 7.4% 3.1% 90.0% -$43,902 -5.7% 03/04/2021- 85.3% 1,654 1,495 192 56 93 1,469 1,284 0.3 37,897 4.0% 183 34,471 19.7 20.9 4 6.1% 4.4% 88.2% -$32,410 -4.7% 03/09/2021 85.6% 1,727 1,622 228 267 82 1,659 1,294 0.3 40,899 4.7% 20.5 4 7.2% 4.7% 89.3% -$36,460 -5.1% March 03/10/2021- 84.5% 2,149 1,754 215 138 98 1,735 1,241 0.3 38,341 6.3% 183 18,721 10.5 19.7 4 10.1% 2.8% 90.0% -$31,386 -4.3% 03/16/2021 81.3% 2,025 1,159 196 103 93 1,233 1,285 0.3 43,300 4.2% 18.3 4 7.6% 3.4% 86.4% -$36,937 -5.1% 03/17/2021- 85.8% 1,900 1,857 258 59 102 1,719 1,152 0.3 45,284 6.2% 170 37,744 20.8 18.2 4 8.9% 3.5% 88.9% -$30,221 -4.5% 03/23/2021 80.0% 2,669 1,823 249 90 121 1,655 1,230 0.3 32,181 5.9% 17.7 4 10.3% 3.0% 88.2% -$29,718 -4.3% 03/24/2021- 81.0% 2,424 1,696 277 98 120 1,561 1,280 0.3 44,866 6.1% 172 34,929 18.9 16.7 4 10.9% 3.5% 86.3% -$28,495 -4.6% 03/30/2021 80.9% 2,684 1,846 286 83 142 1,678 1,389 0.3 43,196 9.4% 16.6 6 16.8% 3.6% 85.5% -$29,727 -4.7% 03/31/2021- 76.1% 2,854 959 213 147 108 1,165 1,212 0.3 40,742 8.9% 163 28,362 15.5 14.5 4 12.0% 4.8% 78.4% -$38,901 -4.6% 04/06/2021 74.9% 3,788 1,833 316 86 141 1,637 1,415 0.3 43,796 7.1% 15.5 6 13.6% 3.7% 84.3% -$30,801 -4.1% April 04/07/2021- 78.8% 3,082 1,698 280 121 136 1,672 1,110 0.3 30,407 8.0% 161 40,101 19 15.5 7 15.9% 3.3% 83.1% -$35,057 -5.1% All Prices 2021 04/13/2021 76.7% 3,183 1,493 291 71 129 1,529 1,354 0.3 42,726 8.4% 16.0 6 20.0% 3.8% 80.2% -$33,630 -5.0% 04/14/2021- 75.9% 3,284 1,481 279 149 135 1,493 994 0.3 43,639 8.4% 172 28,430 16.6 15.5 5 17.9% 2.9% 77.1% -$32,275 -4.8% 04/20/2021 74.4% 3,343 1,546 264 100 129 1,528 1,204 0.3 39,907 8.7% 16.0 6 20.4% 2.5% 79.6% -$32,753 -4.9% 04/21/2021- 75.8% 3,428 1,418 271 80 131 1,512 1,227 0.3 38,967 8.8% 164 34,290 20.8 15.5 6 19.9% 2.5% 77.0% -$35,984 -5.1% 04/27/2021 75.8% 3,439 1,357 278 79 147 1,495 1,576 0.3 39,881 8.8% 15.5 6 19.8% 2.0% 78.1% -$30,446 -4.8% 04/28/2021- 76.3% 3,579 1,401 295 150 161 1,563 989 0.3 39,463 10.3% 158 33,413 20.8 15.7 7 23.6% 3.8% 76.4% -$30,106 -4.9% 05/04/2021 72.2% 3,433 1,014 297 84 111 1,276 1,050 0.3 39,020 9.6% 15.4 5 18.1% 4.4% 72.1% -$34,540 -5.4% 05/05/2021- 72.5% 3,762 1,599 286 117 114 1,499 1,178 0.3 40,794 9.0% 152 30,651 18.5 15.4 5 19.7% 2.5% 79.3% -$33,674 -5.2% 05/11/2021 73.4% 3,680 1,459 283 148 145 1,565 1,071 0.3 33,304 8.7% 15.4 5 21.7% 3.0% 77.3% -$30,903 -5.0% June May 05/12/2021- 74.7% 3,345 1,269 286 90 134 1,465 1,381 0.3 39,124 8.3% 158 34,074 19.7 15.3 5 21.65% 2.2% 76.1% -$34,679 -5.2% 05/18/2021 75.4% 3,340 1,377 295 184 109 1,541 1,083 0.3 40,847 8.9% 14.8 5 20.0% 4.57% 73.77% -$30,751 -5.0% 05/19/2021- 74.7% 3,464 1,279 277 73 126 1,485 1,232 0.3 38,237 9.1% 154 34,192 15.9 15.6 5 24.0% 3.0% 77.1% -$38,226 -5.5% 05/25/2021 75.1% 3,434 1,278 275 101 121 1,449 1,246 0.3 40,220 8.9% 15.8 6 22.7% 2.3% 73.7% -$32,455 -5.3% 05/26/2021- 76.1% 3,406 1,169 262 72 102 1,473 1,293 0.3 38,759 9.3% 156 22,606 11.2 15.5 6 23.1% 3.1% 74.3% -$32,688 -4.9% 06/01/2021 74.1% 3,205 1,072 247 177 107 1,319 1,101 0.3 37,819 8.2% 15.8 5 20.67% 3.2% 73.7% -$35,523 -5.3% 06/02/2021- 75.9% 2,906 1,150 231 116 135 1,365 1,228 0.3 38,445 8.5% 142 31,300 16.5 17.3 5 19.8% 2.97% 76.35% -$37,621 -5.4% 06/08/2021 77.2% 2,909 1,045 239 82 109 1,318 1,311 0.3 34,426 8.2% 17.1 6 22.1% 4.2% 75.9% -$32,841 -5.0% 06/09/2021- 78.9% 2,654 898 217 74 114 1,240 985 0.3 35,627 13.7% 137 29,256 11.0 16.3 11 25.5% 3.7% 74.2% -$38,666 -4.9% 06/15/2021 70.4% 2,464 422 142 137 75 691 1,012 0.3 34,400 7.9% 14.0 5 18.8% 4.9% 69.7% -$40,900 -5.4% 06/16/2021- 77.8% 2,274 868 194 82 82 1,104 877 0.3 32,364 8.3% 136 26,044 10.7 17.8 5 20.2% 3.5% 77.7% -$31,060 -4.8% 06/22/2021 77.8% 2,006 747 163 54 88 930 1,181 0.3 18,035 8.3% 18.0 6 19.6% 3.1% 76.7% -$33,815 -5.0% 06/23/2021- 80.3% 1,826 557 171 77 99 838 702 0.3 28,814 15.1% 135 27,893 10.4 16.1 11 20.9% 7.1% 73.3% -$35,927 -5.3% 06/29/2021 72.6% 1,672 237 91 41 58 425 24,273 13.8 10.6% 68.5% -$32,484 -4.7% 06/30/2021- 21,872 165 16,841 5.9 07/06/2021 11,093 07/07/2021- 127 25,303 6.7 07/13/2021 July 07/014/2021- 144 25,975 8.4 07/20/2021 07/21/2021- 144 24,445 7.7 07/27/2021 07/28/2021- 142 23,086 7.0 08/03/2021 08/04/2021- 142 24,473 7.3 08/10/2021 September August 08/11/2021- 150 23,490 6.9 08/17/2021 08/18/2021- 153 23,228 6.8 08/24/2021 08/25/2021- 154 24,475 6.8 08/31/2021 09/01/2021- 160 19,628 5.7 09/07/2021 09/08/2021- 132 23,032 6.1 09/14/2021 09/15/2021- 150 24,056 6.5 09/21/2021 09/22/2021- 157 22,446 6.7 09/28/2021 09/29/2021- 155 22,879 6.9 10/05/2021 October 10/06/2021- 159 23,171 6.7 10/12/2021 10/13/2021- 155 22,934 6.7 10/19/2021 10/20/2021- 172 22,770 6.7 10/26/2021 10/27/2021- 166 20,827 6.5 11/2/2021 December November 11/02/2021- 166 23,666 8.1 11/09/2021 11/10/2021- 172 22,531 7.7 11/17/2021 11/18/2021- 187 20,170 7.6 11/24/2021 11/25/2021- 194 9,667 3.9 11/30/2021 12/01/2021- 175 19,643 8.6 12/07/2021 12/08/2021- 172 16,775 8.4 12/14/2021 12/15/2021- 193 13,461 7.4 12/21/2021 12/22/2021- 201 5,872 3.5 12/28/2021

Geater Metro Denver Attached and Detached Residential Strategy Sheet by Week- All Prices 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 779 0.3 9.6% 7 20.6% 12/29/2021- 67.3% 1,340 319 133 332 49 536 700 0.3 2022 4.9% 196 9,617 7.2 17.9 4 12.1% 6.0% 73.5% -$26,617 -4.0% 01/04/2022 83.4% 1,207 811 163 51 75 948 566 0.3 5.2% 4 11.7% 6.4% 81.5% -$35,328 -4.6% January 01/05/2022- 81.5% 1,310 795 135 45 49 961 537 0.3 13,990 4.6% 169 22,781 18.9 24.0 4 8.5% 7.5% 80.8% -$32,854 -5.1% 01/11/2022 82.1% 1,205 868 150 59 58 1,009 701 0.3 24,743 4.5% 4 7.6% 5.5% 86.0% -$30,227 -5.0% 01/12/2022- 82.3% 1,138 876 125 95 45 961 589 0.3 25,082 0.0% 179 25,037 19.1 26.1 4 6.3% 5.3% 87.1% -$28,943 -4.2% 01/18/20200 84.3% 1,118 958 145 50 41 1,064 734 0.2 26,335 3.7% 4 6.2% 6.6% 87.1% -$36,745 -4.7% 01/19/2022- 86.0% 1,083 1,061 126 52 50 1,112 756 0.2 25,082 3.7% 173 24,172 20.1 24.0 4 5.7% 6.7% 87.1% -$36,979 -4.7% 01/25/2022 86.4% 1,143 1,053 135 40 54 1,169 1,098 0.3 27,770 5.1% 4 5.4% 4.7% 89.6% -$29,859 -4.1% 01/26/2022- 83.7% 1,458 1,115 149 90 60 1,093 840 0.2 29,023 3.5% 168 25,592 22.5 26.6 4 4.0% 3.9% 90.7% -$28,239 -4.4% 02/01/2022 87.3% 1,195 1,307 139 39 54 1,311 944 0.3 30,511 5.1% 4 3.8% 4.2% 91.8% -$37,030 -4.0% February 02/02/2022- 83.6% 1,726 1,261 144 43 70 1,305 1,000 0.3 28,527 4.9% 94 25,703 30,476.8 24.2 4 6.3% 91.8% 4.5% -$38,459 -4.5% 02/08/2022 84.4% 1,685 1,171 38 40 51 1,311 961 0.3 34,217 5.4% 4 5.7% 3.7% 90.0% -$38,247 -4.7% 02/09/2022- 82.8% 1,744 1,241 170 58 76 1,245 1,317 0.3 34,061 5.2% 165 27,780 25.7 25.0 4 6.7% 4.1% 90.1% -$45,543 -5.1% 02/15/2022 83.2% 1,908 1,428 144 114 74 1,418 1,025 0.3 34,217 5.1% 4 6.9% 3.7% 89.7% -$28,004 -3.8% 02/16/2022- 83.0% 1,997 1,626 173 62 73 1,511 1,110 0.4 32,495 6.6% 173 27,822 24.3 23.8 4 9.2% 2.3% 90.8% -$58,893 -5.2% 02/22/2022 81.2% 2,140 1,253 200 51 68 1,242 37,010 4.2% 86.6% -$37,826 -4.6% 02/23/2022- 39,437 150 26,833 18.4 24.5 03/01/2022 32,416 03/02/2022- 160 30,621 25.6 23.4 03/08/2022 March 03/09/2022- 161 30,090 17.4 23.1 03/15/2022 03/16/2022- 189 27,913 16.6 21.3 03/22/2022 03/23/2022- 153 26,506 15.2 21.3 03/29/2022 03/30/2022- 157 28,137 14.7 19.8 All Prices 2022 04/05/2022 April 04/06/2022- 146 25,207 13 17 04/12/2022 04/13/2022- 146 20,045 9.4 16.1 04/19/20220 04/20/2022- 04/26/2022

Metric 0 1,000 2,000 3,000 4,000 5,000 6,000 Predictive MSI Greater Metro Denver Attached and Detached Residential All Prices Market Response to COVID-19 Market Metrics Current 01/01/2020-01/07/2020 0.0700..07.707.70.8.008..880.9 1.2 7,000 WOW 01/29/2020-02/04/2020 1.2 1.3 1 Year Ago 02/26/2020-03/03/2020 03/25/2020-03/31/2020 Predictive 04/22/2020-04/28/2020 1.5 11.6.6 1.8 MSI 05/20/2020-05/26/2020 0.4 06/17/2020-06/23/2020 000000.00..020.00.02.20.2.2.200.0003003..0.0330.000333....003...0..3333.3.3.3.033.3.00.333330003.0..4..4.40.044404.0.04.04004.00000.0.50.50.00.50.0..0.5.0505555.5.50..0...5.0505.55555.5..6.06066..66000000000.0.000..0.0.7.70.07700.770.7...007..77077.070.0..77...77777..88..00888800....8888000..19.99.10.101.0.1 Coming Soon 30.4% 07/15/2020-07/21/2020 47.5% 08/12/2020-08/18/2020 09/09/2020-09/15/2020 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Coming Soon 10/07/2020-10/13/2020 Avg Daily Active 11/04/2020-11/10/2020 195 12/02/2020-12/08/2020 -9.7% 12/30/2020-01/05/2021 -39.6% 01/27/2021-02/02/2021 02/24/2021-03/02/2021 Avg Daily 03/24/2021-03/30/2021 Active 04/21/2021-04/27/2021 2,140 05/19/2021-05/25/2021 7.2% 06/16/2021-06/22/2021 20.1% 07/14/2021-07/20/2021 08/11/2021-08/17/2021 New Listings 09/08/2021-09/14/2021 New Listings 10/06/2021-10/12/2021 1,253 11/03/2021-11/09/2021 -22.9% 12/01/2021-12/07/2021 -9.3% 12/29/2021-01/04/2022 01/26/2022-02/01/2022 Back on 02/23/2022-03/01/2022 Back on Market Market 03/23/2022-03/29/2022 200 15.6% 5.2% Expired Expired 51 -17.7% -10.8% Withdrawn Withdrawn 68 -6.8% -26.9% Pending Pending 1,242 -17.8% -19.2% Closed Closed 1,110 2.0 8.3% 1.8 2.6% 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 All Prices

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 All Prices49.95%155.2853.%37.1.%6%%5556675..77.725%%.%996.%0606%0.661636.119.62%2636..%2.6.993%302.3%%.6.%%006.%5%%4%66.6668656666666%66.6.6.696076..672...66465667%67%.7776.%6088%86%38%.%.66.%.88776%7...8696%.69696112..3%%9%.9%96977.9.9%%%9%1.1..%.%0..5%667%8%87.%%%%47%%1777%2.722267.3..2.%735567.7%774.71%%%7444447.4%5.771%77..77.54.577.7557%5597661.%7%67%%..467..%6..%88699.77711.%7.3%%5.%%7.77%%.9%177%2%..7%%8888%798.%.%889889.080280.08%%.780.%10.88.81338%481.8.%1119.%0%288%2.8822...85%8%77.22.8383%.8131%33%%..%.38.838%88.%800.%82.444.4%%884%6%748%..%8.8585.%34%.5578585.6.%%%.33%6.%8.6.89%0%.7%4%%%.%3% WOW 01/29/2020-02/04/2020 Market Response to COVID-19 Odds of Selling by Week 1 Year Ago 02/26/2020-03/03/2020 03/25/2020-03/31/2020 90.0% 81.2% Odds of 04/22/2020-04/28/2020 85.0% -1.7% Selling 05/20/2020-05/26/2020 80.0% -4.1% 06/17/2020-06/23/2020 75.0% 07/15/2020-07/21/2020 70.0% 08/12/2020-08/18/2020 65.0% 09/09/2020-09/15/2020 60.0% 10/07/2020-10/13/2020 55.0% 11/04/2020-11/10/2020 50.0% 12/02/2020-12/08/202045.0% 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 11/03/2021-11/09/2021 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 All Prices

0 10,000 20,000 30,000 40,000 50,000 60,000 Market Response to COVID-19 Active vs. Balanced Market Greater Metro Denver Attached and Detached Residential All Prices See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 01/01/2020-01/07/2020 333344.44..454.4.7.4741.1911.11100.4%14.14152155211.11151%11.%1135111131115111112.,,%,,55,2,5,2222%52%6.,2.,.5222,25207.%1,11..%,,1,225,,.,2,,2,2,%3.,,923,,9%,,,9.,,24,22,,,066.1631.,36.,,,6,%777751,77%33773,2888838.9,,92,333,9.,9390383336%3133469140011.41134,,2,13,23%43%33%3335,333534,,54663%14%5,6%,74846061226.%465,,89,7%12434,700684%,,,699449,90,3,,,.,88,30.4450%5744%55,%0941410,27,0,,42,477,%49,,83,3324%6444444..4,104744.2,25,45%850676481726446376,544787087.5,58887200,,786549456,0855599040558556%,57,804715,8,57,21446445,35340,233356%8,45%,74945.563860,266784,776001.7696686,6%4%,619,,2%24,9,,,,267315.81,4872035%,2,23684339,4937,4444944875880,4856482183.,5648787,,83,,818,4899288,.%8072.01172%3222129383355568.924798.0%582908.273.4881.5.082.2.9392159%32245371359434845.174%5.89.%.259..45.7%.797%890.8%1289%199%041%942%%0.1.%.%3%.%04%%.0%.1%66%195%.%11.01%1%21111%31%111111.111111%11111,%191111111.111.0122.211.22..23.4.11%215.1215221..6622.7973...228..99.%19%2300.20%2.2%..312%%2..%3%,11..3%3144%%4531%.,5%%.%66...%%%113983%99%93%0%%%.32%%4439.%.%%%.%.1067181..%9011115%%51%8%5115%%..8,20.521190.3,50%2.08%6,31%93%2,21,1.5027%26512,842.126%2,,2825,048324%22174201,4455972,5222,26,,.27,66003722254,,88%3293737232222813,62,892378393,3333519,51,103734803,000000,341273.3,106191,13,3263,,3,,032234947.1415,555,4,22336%23239002513,23310.,8,16603,39,58333%,339,3338,330931,337235143343436%4,44,42,354430,8,,8323631339,5,87662,,,0,,95106573225402685544671135,63,8611,3462,302345377376676231373,77797036712237373,255333837880,8,33,8,8778,8,857633533889369,.78,4481,99,2,04.,23,44,044693994,,,484,669713080980,99,0130%4400604,2,,04408057059%,3,764849966227,.12,2,4,5,346,,416937773278004827708494242472341%14,917734,943744064,13,2432462644,7794,7444474,1543,44562,754,,4,85964,20,44457,3679,686,062640244604906,6,49,08288,319594689.4445233929946%,3,031861 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 2,140 08/12/2020-08/18/2020 7.2% 09/09/2020-09/15/2020 20.1% 10/07/2020-10/13/2020 11/04/2020-11/10/2020 -19.2% -17.8% 32,416 Active Units 12/02/2020-12/08/2020 for Balance 12/30/2020-01/05/2021 01/27/2021-02/02/2021 Avg Daily Active 2.4% 1.5% 6.6% % of Balance 02/24/2021-03/02/2021 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 % of Balance 07/14/2021-07/20/2021 08/11/2021-08/17/2021 35.0% 09/08/2021-09/14/2021 30.0% 10/06/2021-10/12/2021 25.0% 11/03/2021-11/09/2021 20.0% 12/01/2021-12/07/2021 15.0% 12/29/2021-01/04/2022 10.0% 01/26/2022-02/01/2022 5.0% 02/23/2022-03/01/20220.0% 03/23/2022-03/29/2022 All Prices

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 100100010010001010100000000010325414352621370218812919027621//////////////////////////////221222020200021012020102121321634150417219339192548762697640//////////////////////////////222222222222222222222222222222000000000000000000000000000000222222222222222222222222222222020101001110101110101020012010------------------------------001000000110010100000000010000363703924591282331108542311276//////////////////////////////222032001010110011200122302002320182247485945311760729781530//////////////////////////////2222222222222222222222222222220000000000000000000000000000002222222222222222222222222222220001120220111000110011101011201110.30...7822.2242..3.633.3738393.3.3.33.1.34.445.54.6.4..2,844.89993.44144.44,5.5553.5545515555.6.565..55.5.5....88.9.9.959.529...1111.55.1..2.22.63336464464.5.50..637668..9.696666.66166122..57..7......51557...777777,8.78997.780..2773.84..78687,,78.332.1.4.411996999933,.11,,.,314166561010500011601.11.3,4.56717.35.17190..5,11326812132,3733,.04167,1.90650115191111,66,146144566,11,52,5234.,,15557718.192.0611591.2.117841181651511911.3269265,1699,92929,7269180.2,0.1.,,05123,0,620.6,76762,02227,820960,717,111,.2541,41211851012216226442822.,672128212823,582822,,285,11,28622625252222667027822.283325.38,23692,.114,,223173,7,5,4890,3.325,22,75.6,,37277,53,.84929994294,9000,2214272631,243449024,43078,76,243.6,4,2.23288522576925220,1,,78265121072982.019654,4441,502526252,001,1298,55586,5296772600602622,4773,.,66426..61,65,3,362,27876,3,8882274099522325000,,71,12,29222,302352,5572767,,77777743889,6888124228385083362,4,55,,,4327178,78,1968399.2,,6,309213925337344833820,93.12397,301006,01232000233360,27,4382,0405,,01,6344468.69,31232113321305552600133333..0,43,6474644,4,,50,1124,179399742203197,74404,101 Greater Metro Denver Attached and Detached Residential All Prices Market Response to COVID-19 Showings Current All Prices WOW 45,000 1 Year Ago 40,000 35,000 Total 30,000 Showings 25,000 20,000 20,045 15,000 -20.5% 10,000 -20.9% 5,000 Shows per 0 Listing 9.4 -25.8% -39.0% Total Showings Shows per Listing 0.0 5.0 10.0 15.0 20.0 25.0 30.0

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 All Prices4556777788889999991111111111111111121111111111111111111311111111111111119111111211111111411671111111111111346111111011311411166161111,,111,,,,,,11,,,,,,,,,5,,,,,,,,,,,,8,,,,,,6,,,,,,,,,,,00,,,,,,,010,0,,,01,,,,1,,,1,2,1,18,,5,1,,111111,,,,,0,,1118322,202,222,2,2,,2229222,,330,33333,,8,,11,9,,,3333,,,4,44444444444444,4444,55555555555555666666666777777777017776669018823155666778992233444567778880011111156670133444566788889999112224456666671133557790001123470978947934279861395981119503372052265968815311981756118847972953159853392199821601530716947592855333196532634821..12621271212,.52.21.211.21,..24.84157763073,,.13321.111331194999441.33,18.,,,.31.40661161411150.01446.15115511131,611167..7111515111151.8.915555155511005551515.555,.1512..1..5138...15311544...415245....15553.6,6555.16663666.66.71713.7.68,1.8.1196.90.4..110176106,111.16111669.3166560.161.151416.175.5.911171.6,.6.767,771171.846.8814751669.,01.,.77.712,12723.427,21,573..7.11819712.06.1551859.61778148181.186181111189.1329925,81.091,99.2888929.,722188023,031.,8,,0...23,0,22059.6762,606626227,820.70,17,111,.1254196,421118501226221142822,672.2229823,65222,,2,851,226229252522226670272223.32538,2362,1,,2.23773,72,,4890,33252,22,562,8,3777,53,84299424,000,20221427263,24344490214,4378,76,2436,4,232885.0576925220,1,,,8262251.210229825019654,44441,528526252,.,1298,55582611,5296771260069026,246773,2,66426261,,6531,..362,277.6,3,82270995232325003307,,371,112,292.2,302352,5572767,777777264388,9,68.881228328250833628,4,55,,,24371782,78,198992,.,66,302913922.3334348332820,912349337,3012036013200.0233360,0278,433.82,005,,201,1,334424.6286639,242111.423241536.04425262.48013.213330.30.424.0224423,44324.4.45,.545,,50,7.112.4,9.0793991724220316972.1,674.4604,101 01/29/2020-02/04/2020 Market Response to COVID-19 Showings vs. Contracts Current 02/26/2020-03/03/2020 WOW 03/25/2020-03/31/2020 Total Showings 1 Year Ago 04/22/2020-04/28/2020 05/20/2020-05/26/2020 45,000 Total 06/17/2020-06/23/2020 40,000 Showings 07/15/2020-07/21/2020 35,000 08/12/2020-08/18/2020 30,000 20,045 09/09/2020-09/15/2020 25,000 -20.5% 10/07/2020-10/13/2020 20,000 -20.9% 11/04/2020-11/10/2020 15,000 12/02/2020-12/08/2020 10,000 Pending 12/30/2020-01/05/2021 01/27/2021-02/02/2021 5,000 1,242 02/24/2021-03/02/20210 -17.8% 03/24/2021-03/30/2021 -19.2% 04/21/2021-04/27/2021 05/19/2021-05/25/2021 Shows to 06/16/2021-06/22/2021 Contracts 07/14/2021-07/20/2021 08/11/2021-08/17/2021 16 09/08/2021-09/14/2021 -3.3% 10/06/2021-10/12/2021 -8.7% 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 26.0 24.0 22.0 20.0 18.0 16.0 14.0 12.0 10.0 8.0 All Prices

01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential All Prices 16 29 01/29/2020-02/04/2020 Market Response to COVID-19 Median Days on Market for Pending Home Sales 02/26/2020-03/03/2020 6 7 8 12 03/25/2020-03/31/2020 35 6 7 8 10 1314 04/22/2020-04/28/2020 30 8 05/20/2020-05/26/2020 25 4 555 7 8 10 06/17/2020-06/23/2020 20 5 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 07/15/2020-07/21/2020 15 44 7 88 999 11 08/12/2020-08/18/2020 10 444444444444444444444 5 77 9 11 09/09/2020-09/15/2020 4 5 66666666666666677777 Current Metric 10/07/2020-10/13/2020 5 666 WOW 11/04/2020-11/10/20200 444444444444444 5 1 Year Ago 12/02/2020-12/08/2020 555555 12/30/2020-01/05/2021 55 4 DOM 01/27/2021-02/02/2021 55 0.0% 02/24/2021-03/02/2021 0.0% 03/24/2021-03/30/2021 04/21/2021-04/27/2021 05/19/2021-05/25/2021 6 06/16/2021-06/22/2021 07/14/2021-07/20/2021 6 7 08/11/2021-08/17/2021 6 09/08/2021-09/14/2021 10/06/2021-10/12/2021 666 7 11/03/2021-11/09/2021 12/01/2021-12/07/2021 66 12/29/2021-01/04/2022 6 01/26/2022-02/01/2022 02/23/2022-03/01/2022 6 03/23/2022-03/29/2022 7 All Prices

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 1 Year Ago WOW Current Metric 01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential All Prices4455556666666666777.7777.81811..89..1099..9..5.11...11..13..4.7.7...12.23360177.10909.22.140%1.5616.611.%0115222%%91%2%34%%6%%%1%.3%%3.%.%1%%4%.4%1%4%%441%1..1%..13.241%5%91%1%11111%2222667..222002172..7...282282222%668%2202%922.32%499525969292991002220%.%20202202%%0%.0222229.21.2211.112822222%%2.22.22.4222%222%.9.%3%.%..33..1...23334.223.3.34.48.61.44444%4267.858859.9.060.2.25%5..55545.56..6%2.9.666.%...5%6.77..%8797.11....%3474%.3...7.7.89%%1%.%%23.%%5%%5856.%...8.%9%9.%00%9%344.55..7%0.1%%%.%.45%%566%7%%%1%%23.7%%%%%8%.%%12%%%%%.%%%%%%1%%7%%%%%%.5%%%%3%%2%%%8%.9% 99999999988888888118818800888080008899899988888..8888.787.8.7778.886..8.866..36...87.5..514800.0.4876.848.833480...9887833%.%3.722.7%.76%%.1.1177%7.1776%%%4.371%%70.00077%%.7707%%50%%730..7.979%%76977%3%70%%%87388.836%1%7%7.777.%..7777777.77%7.67%.6%65.776%5.771757977%788737777%7577727.5717%.7..7%.%767774.4473...773.33..73737.34666.11.%13226..227%2.2522%2%6%243.22221611%1011%1.71%111431%1006.1..09%800...716.0.0.6%09996%%%5..9.3.%32..%...8.%%.8...%787.%.%..55.%3....%%.8.87..%.%554%4.33.22710.0069.987.66%.6..4633%.1099%%%8.55%%.%1%1%0%877%%3.%%%%%%%8%%%%%%.5%%%%%.%%.%%%%5%%%%%%7%%4%%%2%5%%%%%%7.3% 01/29/2020-02/04/2020 Market Response to COVID-19 Price Reductions for Pending Transactions 2.0% 2.2% 9.2% Decrease Increase No Change 02/26/2020-03/03/2020 03/25/2020-03/31/2020 100% 0.2% 2.0% 4.2% 04/22/2020-04/28/2020 90% 05/20/2020-05/26/2020 80% -2.2% -4.2% 86.6% 06/17/2020-06/23/2020 70% 07/15/2020-07/21/2020 60% 08/12/2020-08/18/2020 50% 09/09/2020-09/15/2020 40% 10/07/2020-10/13/2020 30% 11/04/2020-11/10/2020 20% 12/02/2020-12/08/2020 10% 12/30/2020-01/05/20210% 01/27/2021-02/02/2021 02/24/2021-03/02/2021 Decrease Increase No Change 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 All Prices

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric $ Reduction % Reduction 100001010000110010000000010010802216298921342530771622341511//////////////////////////////011112222100200213222202002210131262405201694953448766377919//////////////////////////////222222222222222222222222222222000000000000000000000000000000222222222222222222222222222222011122001000111110100001210001------------------------------000001101001001000100000000000333232312415091624877681390215//////////////////////////////102101321300221012201020200002438032774598102721311205986745//////////////////////////////222222222222222222222222222222000000000000000000000000000000--5222222222222222222222222222222-5.5000000000001111121121112121010.7-7.5%6---%-555.--%5--5-55-...5--5-5.4454%.5.-553-.--..-33--5%%.%53535-.3..5%-5-5-2%2%225.--5.%55-.%.-%.1..%-55-1-114%%.%4111...444--0%-..0%00%%.-.%4%4%--00.-4..9--%94%%%944994---..44--%%--.%-4%8.-8--44--44.%.8%44%.--48..-4-4444-777-.%----%7..744.-.4%4..4-7.%477-.4444..76..%%646%--6%%.4.6.66466..-%.%-%644-.6...%%5-5%.-%-5---4%5.%5555%%4.4%%54444%445..%%4%-%-.%-44%%%%.-.%...44.4-..%34%3--4--3---33333%%4-44.44%444.%.%.-4%----%%2-%2%%-.2-2..4..4444...-414---.114%1111%13%%31-.-33.....%.----%%.0%%-30000%%%3.00--.%3333..039--93%399.%%%%-.%%33....%8.83%%..8888%%8-..87%%-.377%%%%%73%%.%%%.65%% Greater Metro Denver Attached and Detached Residential All Prices -$58,89-3$-$4--4$-5$------$-3-$$--4--$-,$$-4-$-$$--5$$$-$$3-,$$-3$-3-03-$$3303-9$3$--3--$$433$3339$3---3-83$----8-$$,-8$$3388,703--73$-7$$$3$39-$$-$3$7-7-3$-7-66-,34--6-6,-63--$$-,33$-,--335--5,,$$3$$,$25$$,$--59$3,3$-3365$$$3-40-$33433,-,-432,2$,$$,4$$5--9,-8,--,4-633-$$333-$3-3,1-,1--$30$93913$3$37,33$53,0$342-23--$226$,$333$-2,032252-$299,24$22-22$,220$$$6523,-2-11220,,$1-9$2$,-,--63$6213-270$3850202040$0-27012060,,02,,62208800$2,$0,,96,62,-82-$,726999$2-9$$92224$262---818-,,$799652,532824444-1427-8,2089--,274$-,-8,8$,5,2,$83,8,07,--85677$,2$1$,,3272$,7374-727,0,,279,2$2,-97977$8237$$6$$-58454425,,87-2226736,6$$1885169,7,888602,77,$252$,,4,90-$,1,12225285,52940,$57,665,84242,504,2,045229222819414043989522,82,,220245$60,55533,432132322,3214210333,66,54522,3004,22,2,723921,1922622324760,20317401316151096600,979821,548,13083,,,1735,04780,7557,,8,5,,9741810025,8,95932516555,5441333,38,74877,478302307196398,47499770771099839471872250350833612028066 WOW Market Response to COVID-19 Size of Price Reductions for Pending Transactions 1 Year Ago $0 -$37,826 -$10,000 -35.8% -$20,000 -5.3% -$30,000 -$40,000 -4.6% -$50,000 0.6% -$60,000 0.6% -$70,000 $ Price Reduction -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% % Reduction 0.0% All Prices

Up to $500,000 Up to $500,000 61.3% of homes in the 7 Metro Counties are under $500,000

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 November December January- March April May June Early July Late July August September October historically Pre-COVID-19 when the Listing February April May June market was competitive by month. Month Target January February March 2,761 3,130 3,531 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 2,636 2,483 2,518 3,793 3,854 3,859 3,434 2,775 2,152 Sellers late to the market in the Pending 1,970 2,137 2,650 2,869 3,025 2,941 2,800 2,750 2,432 2,466 2,005 1,505 summer months were more likely to Count spend longer on the market, make price reductions and sell at lower prices than Closed Count 1,588 1,720 2,306 2,464 2,868 3,016 2,915 2,842 2,554 2,467 2,158 2,202 spring sellers. Expired 373 289 308 270 278 313 338 401 423 462 381 653 Count Buyers were most likely to have 57.4% 60.9% 65.5% 65.1% 64.6% 61.6% 58.7% 57.5% 54.4% 56.6% 57.7% 58.3% negotiating power in the mid summer- Odds of fall. Under $500,000 Selling 99.5% 99.8% 100.0% 100.3% 100.4% 100.2% 100.0% 100.0% 100.0% 99.9% 99.8% 99.8% % of Close/List Avg DOM 37 36 28 22 18 17 17 20 23 25 28 32 Med DOM 19 14 9 7 6 6 7 9 11 13 15 17 % U/C 7 Days 34.7% 44.5% 53.5% 59.5% 61.2% 58.3% 53.8% 48.0% 43.6% 39.7% 37.1% 35.4% or Less 1.4 1.1 1.1 1.1 1.2 1.3 1.3 1.5 1.4 1.3 1.0 Months of 1.62 25.0% 19.9% 16.9% 16.0% 17.5% 20.5% 25.3% 29.2% 31.6% 34.7% 35.6% Inventory -5.5% -5.4% -5.0% -4.8% -4.7% -4.7% -4.9% -5.0% -5.1% -5.1% -5.1% 2.0% 2.1% 1.5% 1.4% 0.4% -0.3% -0.7% -0.6% 0.0% -0.2% 0.3% % of Reduced 30.9% 2.4% 2.4% 1.7% 1.3% 0.5% -0.4% -0.8% -0.5% -0.2% -0.5% 0.6% Listings -5.4% -0.9% 0% 0% 0% 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 Up to $500,000 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- Under $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 321 0.8 12.6% 24 35.0% 01/01/2020- 57.5% 2,281 477 280 224 49 692 446 0.6 2020 9.6% 146 10,628 4.7 15.4 12 29.0% 3.8% 61.3% -$34,092 -5.0% 01/07/2020 48 824 473 0.6 9.6% 157 13,558 6.6 16.5 9 26.1% 2.0% 69.0% -$32,610 -4.7% 41 766 433 0.5 18,061 8.3% 141 13,978 7.3 18.2 6 24.1% 4.1% 69.8% -$34,027 -4.9% January 01/08/2020- 64.9% 2,064 594 273 212 54 809 612 0.4 21,506 6.9% 149 14,370 8.2 17.8 6 21.6% 4.7% 71.2% -$23,463 -3.6% 01/14/2020 62 794 495 0.4 19,993 6.4% 140 13,041 9.1 16.4 5 16.9% 5.2% 73.2% -$25,653 -3.9% 32 795 559 0.4 21,115 6.0% 143 13,928 10.4 17.5 6 18.7% 4.8% 78.3% -$22,456 -3.4% 01/15/2020- 64.4% 1,913 624 278 246 56 783 586 0.3 20,723 5.8% 142 14,141 11.5 18.1 5 16.3% 5.6% 75.7% -$26,285 -4.1% 01/21/2020 68 809 828 0.3 20,750 4.4% 132 15,043 12.3 18.6 5 15.2% 4.8% 78.9% -$26,779 -4.2% 37 861 569 0.2 20,436 3.8% 137 15,916 16.3 18.5 5 10.5% 4.2% 80.7% -$27,729 -4.1% 01/22/2020- 67.3% 1,763 612 298 197 60 994 612 0.3 21,115 5.3% 138 18,507 19.0 18.6 4 11.3% 5.5% 84.1% -$22,576 -3.4% 01/28/2020 72 881 553 0.5 22,472 8.7% 108 16,479 13.6 18.7 4 10.5% 5.9% 82.8% -$25,162 -3.9% 117 743 641 0.6 25,943 10.5% 80 9,882 5.8 13.3 5 10.5% 3.3% 86.1% -$27,444 -4.1% 01/29/2020- 64.5% 1,427 666 299 445 155 669 445 1.0 22,994 15.9% 98 6,793 3.7 10.2 7 15.1% 6.6% 83.0% -$30,520 -4.7% 02/04/2020 124 588 431 1.2 19,392 20.3% 97 6,423 2.6 10.9 9 22.2% 4.6% 80.3% -$27,179 -4.2% 133 468 515 1.1 17,461 17.8% 106 1,429 0.6 3.1 11 22.1% 4.1% 73.7% -$30,442 -4.5% February 02/05/2020- 71.2% 1,337 655 296 214 90 543 456 1.1 15,347 18.0% 132 935 0.4 1.7 13 21.4% 2.9% 74.9% -$13,427 -3.7% 02/11/2020 80 526 567 0.7 12,215 12.1% 90 4,756 1.9 9.0 7 15.7% 6.4% 72.2% -$14,952 -4.0% 93 914 361 0.7 14,172 10.9% 145 10,670 3.7 11.7 9 19.7% 5.2% 79.2% -$12,252 -3.5% 02/12/2020- 73.1% 1,235 631 315 209 75 996 447 0.6 13,729 9.6% 143 13,439 4.7 13.5 7 22.3% 4.5% 75.8% -$11,994 -3.4% 02/18/2020 102 1,136 392 0.6 23,855 10.5% 219 16,296 5.7 14.3 8 24.1% 4.5% 73.2% -$11,859 -3.2% 67 1,033 707 0.6 25,996 9.6% 165 11,915 4.2 11.5 6 20.7% 4.2% 71.8% -$12,991 -3.6% 02/19/2020- 74.6% 1,219 725 330 194 94 1,067 591 0.6 29,650 9.3% 153 17,400 6.5 16.3 6 22.1% 4.1% 75.2% -$11,867 -3.3% 02/25/2020 85 1,104 759 0.5 26,961 8.7% 162 13,899 5.2 12.6 6 22.8% 3.5% 74.4% -$12,549 -3.5% 119 1,151 721 0.5 27,849 8.5% 163 14,456 5.5 12.6 6 21.5% 4.2% 73.0% -$13,183 -3.7% 02/26/2020- 71.8% 979 766 331 439 76 1,141 1,155 0.5 28,814 8.2% 165 13,835 5.4 12.1 6 20.7% 5.5% 73.0% -$14,104 -4.1% 03/03/2020 100 1,156 601 0.6 30,041 10.8% 164 14,185 5.7 12.3 7 22.2% 3.5% 75.9% -$12,954 -3.6% 62 870 779 0.5 29,780 8.4% 158 10,133 4.2 11.6 5 18.4% 3.9% 73.9% -$13,166 -3.6% 03/04/2020- 77.9% 974 899 370 220 73 1,093 851 0.5 30,172 8.8% 147 18,600 7.7 17.0 5 17.4% 3.4% 78.2% -$13,259 -3.8% 03/10/2020 83 1,088 813 0.5 22,707 8.6% 150 17,581 7.1 16.2 5 19.9% 4.3% 78.3% -$14,625 -4.1% 76 1,083 950 0.5 28,527 9.0% 166 16,831 6.9 15.5 5 20.0% 4.6% 75.5% -$13,934 -4.0% March 03/11/2020- 74.9% 1,212 936 477 222 98 996 648 0.5 28,397 8.3% 149 16,104 6.9 16.2 5 19.7% 3.7% 76.2% -$13,090 -3.6% Up to $500,000 2020 03/17/2020 93 1,088 796 0.5 28,266 8.8% 150 15,967 6.8 14.7 6 20.7% 5.2% 75.2% -$14,443 -4.2% 103 1,030 712 0.5 25,996 8.5% 159 16,707 7.1 16.2 5 18.8% 3.5% 74.9% -$14,326 -4.1% 03/18/2020- 68.2% 1,690 942 613 217 128 1,035 1,012 0.5 28,397 8.4% 151 15,660 6.8 15.1 6 19.5% 4.2% 72.4% -$15,178 -4.1% 03/24/2020 86 1,045 592 0.6 26,883 9.6% 160 15,882 6.9 15.2 5 17.7% 4.6% 75.9% -$13,145 -3.8% 71 902 696 0.5 27,014 8.6% 143 13,987 6.2 15.5 5 18.2% 4.5% 77.8% -$15,361 -4.3% 03/25/2020- 69.6% 1,836 778 342 150 85 987 701 0.5 27,275 8.7% 140 15,828 7.1 16.0 5 18.4% 4.9% 76.9% -$14,329 -4.0% 03/31/2020 74 979 676 0.6 23,542 9.6% 152 15,916 7.2 16.3 6 20.3% 6.2% 75.3% -$14,822 -4.1% 84 889 818 0.6 25,761 9.3% 143 15,465 6.9 17.4 5 20.9% 5.4% 74.3% -$12,278 -3.4% 04/01/2020- 62.1% 2,433 735 202 72 92 929 520 0.6 25,552 9.8% 152 14,880 6.6 16.0 5 20.2% 6.7% 72.4% -$15,904 -4.6% 04/07/2020 75 895 520 0.6 23,203 9.8% 152 15,364 6.7 17.2 5 20.2% 4.9% 74.9% -$12,356 -3.6% 75 895 703 0.5 24,247 8.4% 152 15,364 6.7 17.2 6 20.5% 4.9% 74.9% -$12,356 -3.6% April 04/08/2020- 57.7% 2,479 477 166 90 96 902 856 0.6 23,360 9.5% 193 13,410 6.7 14.9 6 17.4% 6.4% 73.1% -$14,420 -4.3% 04/14/2020 133 810 622 0.5 23,360 8.3% 157 12,052 6.0 14.9 5.5 16.9% 5.4% 77.2% -$14,048 -3.8% 70 832 600 0.5 23,542 8.5% 155 12,854 7.1 15.4 6 18.3% 5.4% 77.7% -$13,764 -3.8% 04/15/2020- 62.7% 2,519 432 187 50 77 827 871 0.5 21,141 8.2% 163 13,502 7.3 16.3 5 19.7% 6.5% 75.3% -$13,243 -3.8% 04/21/2020 77 846 591 0.7 21,715 12.1% 181 10,705 5.9 12.7 8 23.8% 5.2% 75.1% -$15,181 -4.0% 56 519 606 0.4 21,585 7.3% 195 8,005 4.9 15.4 6 19.8% 5.8% 70.4% -$15,525 -4.4% 04/22/2020- 60.9% 2,477 624 251 61 54 767 608 0.5 22,081 8.1% 354 12,594 8.6 16.4 6 17.3% 6.8% 73.5% -$13,408 -4.0% 04/28/2020 60 663 667 0.5 13,546 8.7% 193 10,713 7.6 16.2 5 16.2% 5.0% 77.6% -$15,153 -4.6% 66 536 442 0.8 20,019 12.9% 163 7,364 6.1 13.7 7 16.3% 7.9% 75.9% -$13,004 -3.9% 04/29/2020- 64.8% 2,879 806 208 144 27 317 17,304 167 4,707 4.4 14.8 5.7% 78.0% -$14,220 -4.4% 05/05/2020 13,990 8,274 05/06/2020- 65.4% 2,839 911 221 65 05/12/2020 May 05/13/2020- 69.2% 2,838 580 277 53 05/19/2020 05/20/2020- 66.7% 2,836 832 193 60 05/26/2020 05/27/2020- 70.6% 2,664 938 215 128 06/02/2020 06/03/2020- 65.1% 2,685 923 209 292 06/09/2020 July June 06/10/2020- 73.9% 2,619 964 217 71 06/16/2020 06/17/2020- 74.6% 2,545 961 197 48 06/23/2020 06/24/2020- 76.9% 2,481 929 257 124 06/30/2020 07/01/2020- 70.5% 2,442 719 178 54 07/07/2020 07/08/2020- 75.0% 2,402 995 249 73 07/14/2020 07/15/2020- 75.4% 2,487 979 229 61 07/21/2020 07/22/2020- 75.1% 2,436 885 209 70 07/28/2020 07/29/2020- 74.4% 2,344 892 220 131 08/04/2020 August 08/05/2020- 73.3% 2,363 996 221 89 08/11/2020 08/12/2020- 73.8% 2,365 882 197 103 08/18/2020 08/19/2020- 74.7% 2,301 905 244 62 08/25/2020 08/26/2020- 74.5% 2,297 872 221 175 09/01/2020 October September 09/02/2020- 72.1% 2,260 846 200 59 09/08/2020 09/09/2020- 74.1% 2,222 945 232 77 09/15/2020 09/16/2020- 73.9% 2,225 842 233 83 09/22/2020 09/23/2020- 72.5% 2,228 825 200 81 09/29/2020 09/30/2020- 72.3% 2,254 835 181 150 10/06/2020 10/07/2020- 70.9% 2,280 802 172 58 10/13/2020 10/14/2020- 70.9% 2,280 802 172 58 10/20/2020 10/21/2020- 74.9% 1,988 704 195 82 10/27/2020 10/28/2020- 73.7% 2,006 665 191 61 11/03/2020 December November 11/04/2020- 75.5% 1,805 703 196 58 11/10/2020 11/11/2020- 74.9% 1,840 661 188 56 11/17/2020 11/18/2020- 78.2% 1,812 624 159 62 11/24/2020 11/25/2020- 69.3% 1,637 334 94 116 12/01/2020 12/02/2020- 78.5% 1,461 208 160 41 12/08/2020 12/09/2020- 77.2% 1,410 454 123 52 12/15/2020 12/16/2020- 78.0% 1,217 419 130 60 12/22/2020 12/23/2020- 73.5% 1,064 212 91 29 12/29/2020

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- Under $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 563 0.5 8.6% 6 15.3% 12/30/2020- 66.7% 994 301 100 272 31 441 414 0.3 2021 5.2% 184 8,645 8.7 19.6 4 13.4% 7.9% 76.8% -$17,359 -5.1% 01/05/2021 52 726 406 0.4 6.0% 22.0 4 10.9% 7.0% 79.7% -$14,070 -4.3% 30 712 372 0.3 11,510 5.7% 22.5 4 9.9% 7.0% 82.1% -$16,566 -5.0% January 01/06/2021- 81.3% 986 613 120 35 48 689 457 0.3 18,949 4.9% 172 15,986 16.2 23.2 5 15.3% 7.5% 82.6% -$17,657 -5.4% 01/12/2021 52 749 445 0.3 18,583 4.5% 23.3 4 7.6% 5.6% 79.1% -$27,330 -3.9% 46 737 534 0.2 17,983 4.1% 23.9 4 6.8% 7.3% 85.2% -$15,722 -5.0% 01/13/2021- 79.3% 1,108 598 104 37 55 742 530 0.2 19,549 4.1% 175 16,041 14.5 23.5 4 8.0% 5.9% 87.2% -$16,052 -4.9% 01/19/2021 32 689 790 0.2 19,236 3.9% 26.2 4 7.9% 6.4% 85.6% -$17,446 -4.8% 30 663 468 0.2 19,366 3.7% 26.9 4 6.2% 9.7% 82.4% -$11,461 -3.8% 01/20/2021- 78.7% 1,033 582 105 50 65 720 572 0.3 17,983 4.2% 173 15,999 15.5 27.6 4 4.8% 4.6% 89.2% -$16,275 -4.6% 01/26/2021 65 634 559 0.2 17,304 3.1% 17.2 4 9.8% 2.7% 92.5% -$10,709 -3.4% 53 875 556 0.2 18,792 3.5% 25.7 4 6.1% 7.5% 82.7% -$24,424 -6.3% 01/27/2021- 80.1% 958 691 114 80 90 790 581 0.2 16,547 4.1% 162 17,464 18.2 25.4 4 6.2% 4.2% 89.7% -$12,965 -3.6% 02/02/2021 23 700 459 0.2 22,838 3.8% 23.9 4 4.8% 4.5% 89.3% -$16,382 -4.3% 42 844 471 0.2 20,619 3.1% 26.0 4 3.6% 3.4% 91.9% -$12,426 -3.3% February 02/03/2021- 83.9% 860 596 113 29 41 773 502 0.2 18,270 3.0% 182 17,630 20.5 22.3 4 6.1% 4.5% 91.9% -$18,672 -5.2% 02/09/2021 24 758 608 0.2 22,028 2.6% 25.7 4 5.3% 4.7% 89.2% -$18,175 -5.3% 35 799 464 0.2 20,175 2.8% 22.8 4 5.4% 2.8% 91.9% -$15,349 -4.5% 02/10/2021- 85.7% 799 618 90 30 39 742 542 0.2 19,784 2.5% 184 17,459 21.9 22.5 4 4.2% 5.2% 89.4% -$12,940 -4.3% 02/16/2021 36 839 557 0.2 20,854 3.2% 22.3 4 5.4% 5.1% 90.6% -$15,695 -4.8% 40 866 524 0.2 19,366 3.9% 21.0 4 5.8% 2.9% 91.7% -$14,875 -4.1% 02/17/2021- 85.6% 738 563 120 35 31 637 531 0.2 21,898 2.6% 177 18,028 24.4 19.7 4 6.7% 3.3% 90.9% -$20,177 -5.4% 02/23/2021 42 845 430 0.2 22,603 4.1% 19.2 4 5.7% 2.8% 90.5% -$17,829 -4.7% 47 816 486 0.2 16,626 3.8% 18.8 4 8.5% 3.8% 90.5% -$13,901 -3.8% 02/24/2021- 86.6% 677 604 94 69 50 756 549 0.2 22,055 3.7% 167 17,863 26.4 18.1 4 8.3% 2.4% 89.1% -$17,353 -4.6% 03/02/2021 53 797 607 0.3 21,298 5.6% 17.5 5 12.5% 3.7% 88.0% -$16,827 -4.7% 32 562 477 0.4 19,732 6.1% 16.5 4 7.9% 3.3% 84.2% -$16,639 -4.2% 03/04/2021- 85.5% 690 618 95 43 30 796 593 0.3 20,802 4.5% 178 19,898 28.8 15.9 6 9.8% 3.7% 88.3% -$13,106 -3.1% 03/09/2021 61 810 467 0.3 14,668 5.1% 16.6 7 13.5% 3.1% 87.1% -$16,545 -4.6% 43 734 540 0.3 20,776 5.3% 16.3 5 15.3% 2.8% 83.8% -$14,939 -4.4% March 03/10/2021- 84.7% 703 456 95 56 49 702 449 0.3 21,141 5.1% 202 10,923 15.5 15.5 5 12.4% 2.7% 82.0% -$17,059 -4.5% Up to $500,000 2021 03/16/2021 50 734 515 0.3 19,157 5.5% 16.1 5 14.1% 2.5% 85.1% -$17,005 -4.4% 52 708 518 0.3 18,322 5.8% 15.7 5 12.8% 2.1% 83.7% -$17,413 -4.8% 03/17/2021- 87.5% 716 725 122 40 50 713 665 0.4 19,157 6.0% 183 22,464 31.4 15.4 5 15.0% 1.2% 86.0% -$20,070 -5.3% 03/23/2021 60 756 410 0.4 18,479 6.9% 15.3 6 16.7% 3.6% 81.3% -$16,119 -4.4% 43 622 455 0.4 18,609 6.9% 15.4 5 13.8% 4.2% 79.0% -$19,788 -5.4% 03/24/2021- 86.2% 729 650 105 48 42 705 512 0.3 19,732 5.8% 185 20,071 27.5 14.5 5 16.1% 3.1% 83.1% -$17,028 -4.5% 03/30/2021 61 749 471 0.4 16,234 6.2% 15.0 5 14.9% 2.9% 81.0% -$18,136 -5.0% 58 654 595 0.3 18,401 5.6% 14.9 5 18.2% 2.2% 82.9% -$20,376 -5.3% 03/31/2021- 83.7% 740 620 89 80 42 710 451 0.4 19,549 5.9% 173 16,711 22.6 14.7 5 18.5% 4.3% 77.5% -$22,577 -5.6% 04/06/2021 51 705 504 0.4 17,069 6.1% 14.9 5 21.3% 2.9% 78.6% -$23,218 -5.7% 40 675 519 0.4 18,531 6.0% 15.7 5 18.8% 2.4% 76.3% -$22,277 -5.5% April 04/07/2021- 84.9% 831 755 123 40 32 690 581 0.4 18,401 6.0% 169 21,963 26.4 14.5 5 19.3% 2.0% 79.2% -$19,258 -5.0% 04/13/2021 36 625 450 0.3 17,618 5.3% 14.9 5 16.8% 2.2% 78.5% -$21,745 -5.2% 45 632 512 0.3 18,009 5.7% 17.3 5 16.2% 2.7% 80.4% -$20,984 -5.2% 04/14/2021- 87.6% 624 674 103 33 51 597 520 0.3 16,313 5.4% 176 17,241 27.6 16.8 5 19.9% 3.4% 80.4% -$23,960 -5.8% 04/20/2021 47 567 424 0.6 16,495 9.2% 16.4 7 18.6% 1.8% 78.3% -$17,131 -4.3% 26 312 409 0.3 15,582 5.1% 14.9 5 16.1% 3.8% 77.7% -$22,993 -5.7% 04/21/2021- 87.8% 603 689 94 36 31 525 355 0.3 14,799 5.1% 172 19,470 32.3 17.9 4 13.4% 2.2% 81.6% -$19,189 -4.9% 04/27/2021 37 416 499 0.3 8,143 4.9% 19.1 5 16.7% 1.7% 84.8% -$20,226 -5.9% 35 392 288 0.5 13,703 8.6% 17.3 7 13.5% 3.9% 79.5% -$20,816 -6.0% 04/28/2021- 89.0% 546 749 89 48 23 201 10,858 170 18,196 33.3 14.7 7.6% 78.9% -$27,774 -6.6% 05/04/2021 10,231 5,246 05/05/2021- 89.2% 545 722 101 21 160 16,730 30.7 05/11/2021 May 05/12/2021- 88.9% 556 758 124 45 170 18,682 33.6 05/18/2021 05/19/2021- 88.1% 728 844 106 25 161 18,152 24.9 05/25/2021 05/26/2021- 85.6% 651 561 94 46 171 12,527 19.3 06/01/2021 06/02/2021- 90.0% 573 817 136 21 158 16,257 28.4 06/08/2021 June 06/09/2021- 84.0% 882 824 131 34 150 15,369 17.4 06/15/2021 06/16/2021- 84.9% 753 734 123 47 155 13,683 18.2 06/22/2021 06/23/2021- 86.1% 777 782 143 39 152 13,918 17.9 06/29/2021 06/30/2021- 82.6% 824 470 105 57 169 9,272 11.3 07/06/2021 07/07/2021- 74.3% 1,273 835 148 148 139 12,645 9.9 07/13/2021 July 07/014/2021- 83.4% 958 758 127 60 160 13,434 14.0 07/20/2021 07/21/2021- 82.4% 969 671 133 34 159 11,931 12.3 07/27/2021 07/28/2021- 81.2% 980 625 124 62 162 10,905 11.1 08/03/2021 08/04/2021- 82.3% 980 694 139 29 153 11,790 12.0 08/10/2021 September August 08/11/2021- 82.0% 1,023 673 130 34 152 11,113 10.9 08/17/2021 08/18/2021- 82.2% 1,072 635 112 21 165 11,009 10.3 08/24/2021 08/25/2021- 81.2% 1,175 651 153 59 162 11,596 9.9 08/31/2021 09/01/2021- 77.9% 1,124 475 139 34 173 9,596 8.5 09/07/2021 09/08/2021- 78.2% 1,262 681 143 33 146 10,195 8.1 09/14/2021 09/15/2021- 78.5% 1,140 777 155 83 138 11,215 9.8 09/21/2021 09/22/2021- 80.1% 1,061 535 145 36 165 9,771 9.2 09/28/2021 09/29/2021- 80.8% 1,029 618 145 74 161 10,429 10.1 10/05/2021 October 10/06/2021- 80.6% 1,085 550 153 29 173 10,506 9.7 10/12/2021 10/13/2021- 80.2% 1,080 555 139 43 167 10,619 9.8 10/19/2021 10/20/2021- 81.8% 1,075 530 129 21 180 9,992 9.3 10/26/2021 10/27/2021- 80.7% 984 485 112 62 180 9,292 9.4 11/2/2021 December November 11/02/2021- 81.7% 880 519 117 40 172 10,930 12.4 11/09/2021 11/10/2021- 82.2% 886 455 121 37 179 10,043 11.3 11/17/2021 11/18/2021- 83.7% 801 404 120 28 187 9,318 11.6 11/24/2021 11/25/2021- 76.6% 750 213 74 53 181 4,639 6.2 11/30/2021 12/01/2021- 83.1% 698 391 96 29 187 9,400 13.5 12/07/2021 12/08/2021- 83.9% 556 342 78 20 172 7,936 14.3 12/14/2021 12/15/2021- 85.7% 500 276 79 34 192 6,798 13.6 12/21/2021 12/22/2021- 80.6% 451 117 41 14 213 2,955 6.6 12/28/2021

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- Under $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 317 0.4 6.2% 11 24.8% 12/29/2021- 73.7% 369 126 58 109 12 227 287 0.2 2022 2.9% 212 4,616 12.5 20.3 4 9.2% 8.1% 67.1% -$27,189 -3.8% 01/04/2022 20 388 230 0.2 3.4% 175 9,457 32.4 24.4 4 10.3% 3.8% 87.0% -$18,404 -5.1% 14 386 5,925 185 10,724 31.0 27.8 4 7.6% 6.5% 83.2% -$25,411 -6.9% January 01/05/2022- 88.6% 292 329 66 20 4 5.8% 3.0% 89.4% -$27,225 -8.0% 01/11/2022 10,127 4 7.1% 3.7% 90.6% -$14,205 -4.0% 4 4.1% 9.2% 83.7% -$37,063 -4.8% 01/12/2022- 86.8% 346 304 65 14 10,075 4 5.5% 3.9% 92.0% -$12,640 -3.6% 01/18/20200 4 6.2% 3.5% 91.0% -$21,623 -5.2% 4 1.6% 2.7% 91.1% -$19,316 -4.8% 01/19/2022- 87.8% 309 350 61 19 23 419 227 0.2 10,936 2.8% 181 9,931 32.1 23.7 4 2.3% 3.0% 95.4% -$15,357 -3.7% 01/25/2022 4 4.9% 94.9% 2.8% -$14,542 -3.3% 4 2.4% 1.9% 93.2% -$17,252 -4.7% 01/26/2022- 87.6% 272 350 48 36 18 393 302 0.2 10,257 2.7% 176 10,691 39.3 27.2 4 4.0% 2.2% 95.4% -$22,910 -5.6% 02/01/2022 4 8.0% 2.2% 93.8% -$17,839 -5.4% 4 5.1% 2.8% 89.1% -$43,508 -4.7% February 02/02/2022- 75.9% 271 375 59 16 16 426 247 0.1 11,119 2.4% 175 10,585 39.1 24.8 4.0% 90.9% -$25,504 -5.6% 02/08/2022 02/09/2022- 89.8% 237 393 54 21 20 417 250 0.1 10,884 2.2% 167 11,249 47.5 27.0 02/15/2022 02/16/2022- 89.8% 256 369 58 20 24 424 274 0.1 11,066 2.3% 177 11,314 44.2 26.7 02/22/2022 02/23/2022- 87.3% 358 384 65 31 21 428 349 0.2 11,171 3.2% 169 10,619 29.7 24.8 03/01/2022 03/02/2022- 91.3% 241 439 57 14 29 463 264 0.1 12,084 2.0% 167 12,393 51.4 26.8 03/08/2022 March 03/09/2022- 88.5% 392 430 49 10 15 473 294 0.2 12,345 3.2% 175 15,549 39.7 32.9 Up to $500,000 2022 03/15/2022 03/16/2022- 87.5% 380 397 50 17 17 454 274 0.2 11,849 3.2% 180 11,043 29.1 24.3 03/22/2022 03/23/2022- 87.6% 374 412 73 17 24 442 286 0.2 11,536 3.2% 161 10,573 28.3 23.9 03/29/2022 03/30/2022- 86.6% 411 493 50 38 21 493 366 0.2 12,867 3.2% 161 10,631 25.9 21.6 04/05/2022 April 04/06/2022- 87.4% 459 545 57 14 26 542 284 0.2 14,146 3.2% 159 10,290 22.4 19.0 04/12/2022 04/13/2022- 85.7% 497 417 84 19 14 481 315 0.2 12,554 4.0% 169 8,352 16.8 17.4 04/19/20220 04/20/2022- 04/26/2022

Metric 0 500 1,000 1,500 2,000 2,500 3,000 Predictive MSI Greater Metro Denver Attached and Detached Residential Under $500,000 Market Response to COVID-19 Market Metrics Current 01/01/2020-01/07/2020 0.5 00..66 0.8 3,500 WOW 01/29/2020-02/04/2020 0.5 0.6 1 Year Ago 02/26/2020-03/03/2020 0.20.30.030.3.04.04.4 03/25/2020-03/31/2020 Predictive 04/22/2020-04/28/2020 1.0 1.2 MSI 05/20/2020-05/26/2020 11.1.1 0.2 06/17/2020-06/23/2020 0.7 Coming Soon 22.0% 07/15/2020-07/21/2020 23.0% 08/12/2020-08/18/2020 0.7 09/09/2020-09/15/2020 0.8 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Coming Soon 10/07/2020-10/13/2020 0000000000..00.0.0050..5.5..5..5.505..555..55055055.000005..0.66....6.6666060.06.06..67 Avg Daily Active 11/04/2020-11/10/2020 51 12/02/2020-12/08/2020 -26.1% 12/30/2020-01/05/2021 -94.6% 01/27/2021-02/02/2021 02/24/2021-03/02/2021 Avg Daily 03/24/2021-03/30/2021 Active 04/21/2021-04/27/2021 497 05/19/2021-05/25/2021 8.3% 06/16/2021-06/22/2021 -15.3% 07/14/2021-07/20/2021 08/11/2021-08/17/2021 New Listings 09/08/2021-09/14/2021 0.40.05.5 New Listings 10/06/2021-10/12/2021 417 0000...00202.202...0.2022002000.00.0.020...02.2.22.20.2..02.22223.0.3030.0003.00.003..003.00.33.0003.0.300.3.30.3.3..3..34..444.444400..44 0.5 -23.5% 11/3/2021-11/9/2021 -34.0% 12/01/2021-12/07/2021 0.6 12/29/2021-01/04/2022 0.5 Back on 01/26/2022-02/01/2022 Back on Market Market 02/23/2022-03/01/2022 03/23/2022-03/29/2022 84 47.4% -15.4% Expired Expired 19 35.7% -35.0% Withdrawn Withdrawn 14 -46.2% -64.3% Pending 000.3..33 481 000.0.10.10.011.0000.020.202......2222.2202.2 0.4 -11.3% -34.6% Pending Closed Closed 315 1.4 10.9% 1.2 -34.0% 1.0 0.8 0.6 0.4 0.2 0.0 Up to $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 Under $500,0005577..57%%606.6292.%1.6676%66446%445..5.4.5.6689.1%%6466%%%76%..77.8663%%6.99%2977..7%2.7300607%1%.7.7%.57617.92272%27%.72%.77877.37%1.3737.375337%3773.737%7.77477.4%14%.3.47.44.75%.4444.775895.%9.%1.5..5%3.4...%%5.7%66.%%7999%70..1%%7%64%%5%%%%6%%7777.%77%.776777.89882887%.8..%..99%0.8.89228.5588%7%8%800.%%088%%3800%00..8.881111%1.82.8.8.16681728..%%.2%22822.3%8%2.%.%887..8.8830%%8%232.333%6%33.8%4%.%88%1..84%..84.87788844899%058%85.5%%555.5.88%%7%.86996....3.8.86685%88866877.7%7%.88%71872..7%777%.7%%%8%786768.%88.%.8....8834.8%.%5566%86.88898899.%1%.%%%%9%5.%6%.99.0%90.2%9%..6.%%88%01%%%%.3% 01/29/2020-02/04/2020 Market Response to COVID-19 Odds of Selling by Week Current 02/26/2020-03/03/2020 WOW 03/25/2020-03/31/2020 95.0% 1 Year Ago 04/22/2020-04/28/2020 90.0% 05/20/2020-05/26/2020 85.0% Odds of 06/17/2020-06/23/2020 80.0% Selling 07/15/2020-07/21/2020 75.0% 85.7% 08/12/2020-08/18/2020 70.0% -1.7% 09/09/2020-09/15/2020 65.0% -1.9% 10/07/2020-10/13/2020 60.0% 11/04/2020-11/10/2020 55.0% 12/02/2020-12/08/2020 50.0% 12/30/2020-01/05/2021 45.0% 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 11/3/2021-11/9/2021 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 Up to $500,000

0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Market Response to COVID-19 Active vs. Balanced Market Greater Metro Denver Attached and Detached Residential Under $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 222.22.0222.222.23.%..4.33222223523%33336333.6.343744.45%55555666868%6367.777777779.734785778.%830888.84.5%6.78.9%.9919.999.99%905531119011111141455113713103221422%217113%291.90122123134555%771190631223.2936184818681940255177888489%194.,,,70%,,,,4,,51666,4%.35,4.,13.%4,1%%%,1,7,.%0,8361%%1,98,.4801103060077,0091000.0141110.,102.8,641182,2228828240904%6422.9243.,9.%2422.4,9422022422,2,,22.,1,2223%262627788,612022212%4612%.,27%,17113%,28867882%2,2.3494%,,.,1%2,,%94,,02622,,20,,,%39,315,1,4,250535%,8,,,5%42252095%,22,52223267955,301233334,%4,47454.1.444405758%550,1,,,665636%79.9.22.20%5568858889038.45266560033.43571878111.84.5655412.65483%%52584.0310.3333671667453.4266362.%9177%%96655.6..9%664.65%7.%%6798..8.89%.8.69..%%000.%.00%511%%%2%2.66%6%%%%%4,%%5%%.2.7.%999,4.9%%3%68288%88888888.58.8.8888.8.8.18882..2.8.3.3.3..9.44.4...55%5.,.6%9%666,97%7%79%188.%%%29%%%999%.999%0%%.%%%.4%9%271.33......%5131.6661%6664101%%81%0011%%%0%%%0.011%01131.,100,,,00050.1118212%11..81,,7%95,2111.3,51,1818,9%17101511%%7,2,172522831525%,61172,8,8..4621,036122911,13145,01863.11%1%834396534,15446,15,5%47,74,,7149411102,5,96647537911,0116612,39665616864911,,18,217,3,77745116172137,111,,119104177128,118334,31848188566278,,86,8811,001899,1106,08,,19.11,,2,3,991144449194,885990156612,89972712,,99900,9%72333,,98011190122,,902033272222,,2411,559013955,7722,2283702,06620.0009009442,128177331111.68,24,661,,2,,91,0699212277717%58822,,8,,4123,13211911%122,225225,72.005,22565,92114497,2,,32906282242,20000822%,551119,38,9423,2665857335982,873,805120,,3434552,307868,4422312502222254955555,72,,2522,3,,72099965679672.499,2,,321829,072236622%82861,8887838,14,,,22543325,33869999920016,77,76,7,40158470012 WOW 01/29/2020-02/04/2020 1 Year Ago 02/26/2020-03/03/2020 03/25/2020-03/31/2020 497 Avg Daily 04/22/2020-04/28/2020 8.3% Active 05/20/2020-05/26/2020 -15.3% 06/17/2020-06/23/2020 07/15/2020-07/21/2020 12,554 Active Units 08/12/2020-08/18/2020 -11.3% for Balance 09/09/2020-09/15/2020 -34.6% 10/07/2020-10/13/2020 11/04/2020-11/10/2020 4.0% % of Balance 12/02/2020-12/08/2020 Avg Daily Active 0.7% 12/30/2020-01/05/2021 0.9% 01/27/2021-02/02/2021 02/24/2021-03/02/2021 03/24/2021-03/30/2021 Active Units for Balance 04/21/2021-04/27/2021 05/19/2021-05/25/2021 % of Balance 06/16/2021-06/22/2021 07/14/2021-07/20/2021 25.0% 08/11/2021-08/17/2021 20.0% 09/08/2021-09/14/2021 15.0% 10/06/2021-10/12/2021 10.0% 5.0% 11/3/2021-11/9/20210.0% 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 Up to $500,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric 00111100000010000000000001010233881345176221691220902712541/////////////////////////////12013221022012022221221002010114460632392076891597176544912/3/////////////////////////////22222222222222222222222222222/0000000000000000000000000000022222222222222222222222222222202100001111021100102000121001011-----------------------------00000000000001001000000010101-1808233410373123322561697925411/////////////////////////////00312212220002021003110101202/741840322161571329430725805789//////////////////////////////22222222222222222222222222222200000000000000000000000000000022222222222222222222222222222211000000011110111110012222000112.09.330464.4..444..5.77556.255.255.6666.779.6.66626.66.66.666.64.77.5777..777789.0..71.722.........8..566..86.778..899999988.111182.33.196.9197193.1.92.99199510.6.1701.01.511.23..0..411.714.118819.119113.42...2.291.211.134315.1612..13.0333445,4,14.1..4195.6611.5.50215355661..96.515511..44874423.7188,8,.,1,66.4977..9292213.0500.2697662.26152662,.429.,,.724776242,499372238.5.4388,666,9229.082,2.9.47733240,4288969.92.9568959569..,4,,993,32.,943229.39,413841511,.051,179,317,713003115809111101.199111101.222870723,012.110780,33010010,00960010040,011.111,.310.020,23,11,,1,,,243,41,,4,5,13515166966.616,7,79,71.,,12133,990913176,08,1015237,190102122191310263,23051949810111534,1514,,1253017,92399231290594,3923,11311,33,1635155190,695131339,11831921312903.411.3,,,331353,.13,337144444,545745,16,,4,4,,148133189,90,1959481,14,3049119412231578841,3418,575594188715,87118515111155101,,5.1015,55865,5533621,46455,611661,4,,0,1,,66,8686,39994990,66,6617164922,28511161198944,,0,10.17,857797276651777869177417,1701163,72,,395,84,144817810516,411,08856,8,8083111.06,94,1412,0556963918022068,970042,,78009782112,29,64364 Greater Metro Denver Attached and Detached Residential Under $500,000 WOW Market Response to COVID-19 Showings 1 Year Ago Up to $500,000 25,000 8,352 Showings Listing Total 20,000 -18.8% 15,000 -40.5% 10,000 16.8 Shows per 5,000 -25.0% 0 -41.0% Total Showings Shows per Listing 0.0 10.0 20.0 30.0 40.0 50.0 60.0

0 5,000 10,000 15,000 20,000 25,000 Greater Metro Denver Attached and Detached Residential Under $500,000 Market Response to COVID-19 Showings vs. Contracts See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 01/01/2020-01/07/2020 223333334444444444444455555555556066666266666666777777777777717717777777777777777788888889988881181882228844885886867998999122344996699989111211233315761661117188990000011112121333124447445556678999999900611813222336749444686162774838893001132965632782799987,,,,25427,4,33,,9,5,990220558203,,06,44,722399166876330456779990060407020945160161005001091522491111974661133341618889034155.11203515.7.388346121656722.22.11113..,.13,6697343.1511.32111.51411111151447914444144411.4444411141.5.11135,,.15..155,,55.1....6.5565.5777.157155178.1999119951.9511011..511111..13..216.06..6153466644.644.66561556.6666697617.7..661.9..1...1060.61.111..22.21.21.7333.374447516657,.7677177.1418.1.7,,0....7721.1277.831281344158.51.,8189981.83.8798381.811.9.23891.8.,1.6,955.696087..98,94.021330,2..96990695672959,4,,9.,21,92293293,414151,51.,729,117,10015802092111101199111101222228.700,11107822,302106100,0096001000,02.121111,102002,22.021,.1,1,,,,24,41,,,5,21.33.5135166966621,637,7,971.535,2,122213,9990138317,08,0115237,319.010212.2232193313012236,.2330519948101.11534,15254214.4,..,15273017,92939999231294.045.294,2934,2211311,33,16.5.155521,06882555131339,118312131.2960341162.4.3,,,23335,313,32717274444.4,55445.62,1660,4,,4,,62417813318909,2,9159.724.81,1.7,4.304918191223717588.94017,3418,2575591887.158,71158151.1115651018,,51015,55685,553361,64455,611661,,,0,1,,66,868,639994990,66,661164922,28511161198944,,0,1017,85779727661777869177417,1701163,72,,39,84,144817810516,41,08856,8,808311106,943,112,05569632918022068.,9790042,,78009782112,29,64364 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 8,352 09/09/2020-09/15/2020 -18.8% 10/07/2020-10/13/2020 -40.5% 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 481 02/24/2021-03/02/2021 -11.3% 03/24/2021-03/30/2021 -34.6% 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 17 09/08/2021-09/14/2021 -8.5% 10/06/2021-10/12/2021 -19.0% 11/3/2021-11/9/2021 12/01/2021-12/07/2021 Pending 12/29/2021-01/04/2022 01/26/2022-02/01/2022 Showings to Contracts 02/23/2022-03/01/2022 03/23/2022-03/29/2022 6.0 11.0 16.0 21.0 26.0 31.0 36.0 Up to $500,000

01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential Under $500,000 12 24 01/29/2020-02/04/2020 Market Response to COVID-19 Median Days on Market for Pending Home Sales 11 13 02/26/2020-03/03/2020 5 66 9 03/25/2020-03/31/2020 3055569 11 04/22/2020-04/28/2020 25 05/20/2020-05/26/2020 20445 06/17/2020-06/23/2020 15 07/15/2020-07/21/2020 10 7 08/12/2020-08/18/2020 09/09/2020-09/15/2020 5 7 9 10/07/2020-10/13/2020 0 11/04/2020-11/10/2020 7 8 12/02/2020-12/08/2020 8 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 12/30/2020-01/05/2021 66666 7 01/27/2021-02/02/2021 55555555555556666666.5 02/24/2021-03/02/2021 Current Metric 03/24/2021-03/30/2021 5 66 7 WOW 04/21/2021-04/27/2021 6 1 Year Ago 05/19/2021-05/25/2021 444 06/16/2021-06/22/2021 444444444444444444444 5 07/14/2021-07/20/2021 4 4 DOM 08/11/2021-08/17/2021 0.0% 09/08/2021-09/14/2021 4 0.0% 10/06/2021-10/12/2021 11/3/2021-11/9/2021 5 12/01/2021-12/07/2021 12/29/2021-01/04/2022 55555 6 7 01/26/2022-02/01/2022 55555555555 6 7 02/23/2022-03/01/2022 5 03/23/2022-03/29/2022 57 444444444444444 Up to $500,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric 00000000100001010100000101001804482593022257111632293167211/////////////////////////////20121222112020300120200112222111966241904154376780276325499/3/////////////////////////////22222222222222222222222222222/0000000000000000000000000000022222222222222222222222222222202220110110100110011000020101011-----------------------------00000001100010000000000001100-1702323631424596157333809812211/////////////////////////////22032010120112223020211001000/891717523470125817302625038449//////////////////////////////2222222222222222222222222222220000000000000000000000000000002222222222222222222222222222221011101000110210001210010112201223444444.55555555.66.666666.7..774.77888..8..81..116.1..01..912.1....999889..%1.34451178..%811.1.%222..1.111.708100%011%0.%66%199.010.1.%%131%1115%%%1%%22%1%1%221111%%%%%181839131331%.%3..11.%141.%%.1%1%1%4%151151%515551%315555.1.1696%.66111166131126%6%.2%6.62..62.2277722.47528222888.8.88.48.84.5.52.2822%298.%%%9129.%...9998..9%990.9.00..01.2230332002...700%.%111%2212133.1....7.7%.8.%9%%229.222.%344.2%27........22.3%4.%45.%63%7.%%%84..40%..35%%.4%.%77.87%%8.990%%2%%3..%2..5.77%%%679.%3456%%%%%%%.%11%22.3.%%8%.%%%%%%%%%%89%1%%1.%%%8%%%%%%%%1%3%.%%%0%5%.0% Greater Metro Denver Attached and Detached Residential Under $500,0009999999559999499999999338888888822..11181.81100800008.844.99898999999.88..88..8.828.8..8.57..888..770%%9998788%8.868.86.1..80..9.95868655%558.48%.784443482211%.883338..%%%3%3%37327202.2.7777%2%77%%.22%27%%7%107.7.7717.1777%7117%.0%%.07%%%%006...77012.%.9778..9.%77.777.7997992.788717%.7.78877778%7%88788.28.177079777.87%76%7.747..%7616.077%7%677.66%3.5552505.75...%74..5%755445.%%557%.34..4..%.7%7.4%4%5...%%.%22310.%7993.3%.%6533633332%33..0%8.....7766%.2.52..%2..%%...198%..1%32..%999498%%7.6%%90%5%.3.3%221%..99%%.9%%..%%43%%%9.%.9%7.%5%22100.%%%%%%%%4%72%.%%%%%%8.%%2%%.%4%%6%%8%%%0%.%%%1%1%%%.3% WOW Market Response to COVID-19 Price Reductions for Pending Transactions 1 Year Ago 100% 5.1% Decrease Increase No Change 90% -2.9% 80% 1.5% 70% 60% 4.0% 50% 1.2% 40% -0.5% 30% 20% 90.9% 10% 1.8% 0% -1.0% Decrease Increase No Change Up to $500,000

01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential Under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arket Response to COVID-19 Size of Price Reductions for Pending Transactions 01/29/2020-02/04/2020 $0 02/26/2020-03/03/2020 -$5,000 -$10,000 03/25/2020-03/31/2020 -$15,000 -$20,000 04/22/2020-04/28/2020 -$25,000 -$30,000 05/20/2020-05/26/2020 -$35,000 -$40,000 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 06/17/2020-06/23/2020 -$45,000 -$50,000 07/15/2020-07/21/2020 08/12/2020-08/18/2020 09/09/2020-09/15/2020 Current 10/07/2020-10/13/2020 WOW 1 Year Ago Metric $ Reduction % Reduction 11/04/2020-11/10/2020 12/02/2020-12/08/2020 12/30/2020-01/05/2021 -$25,504 01/27/2021-02/02/2021 -41.4% 55.0% 02/24/2021-03/02/2021 03/24/2021-03/30/2021 04/21/2021-04/27/2021 -5.6% 05/19/2021-05/25/2021 -0.9% -0.4% 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 $ Price Reduction 12/01/2021-12/07/2021 12/29/2021-01/04/2022 -8.0% -4.0% 01/26/2022-02/01/2022 -3.6% -4.8% 02/23/2022-03/01/2022 -5.2-%4.8% -3.7-%3.3% % Reduction 03/23/2022-03/29/2022 -5.-65%.4% -4.7% -2.0% -5.6% -4.7% -9.0% -8.0% -7.0% -6.0% -5.0% -4.0% -3.0% Up to $500,000

$500,000 - $1,000,000 $500,000 - $1,000,000 33.9% of homes in the 7 Metro Counties are between $500,000 - $1,000,000

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 October November- January- March April Early May Late May- June July August September October historically Pre-COVID-19 when the Listing December February April May Early June market was competitive by month. Month Target January February March 1,764 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 1,411 1,453 1,580 2,006 2,168 2,215 2,174 2,192 2,015 1,722 1,422 Sellers late to the market in the Pending 510 629 819 901 938 889 780 749 649 647 527 427 summer months were more likely to Count spend longer on the market, make price reductions and sell at lower prices than Closed Count 354 408 640 740 900 957 889 818 681 673 571 594 spring sellers. Expired 178 137 149 142 155 203 207 246 243 272 237 373 Count Buyers were most likely to have $500,000-$1,000,000 34.0% 37.9% 44.0% 44.6% 44.6% 42.4% 39.5% 38.0% 34.1% 35.3% 34.6% 35.0% negotiating power in the mid summer- Odds of fall. Selling 98.3% 98.6% 99.0% 99.4% 99.5% 99.5% 99.3% 99.0% 98.8% 98.8% 98.6% 98.5% % of Close/List Avg DOM 75 70 61 46 43 35 37 41 45 48 53 61 Med DOM 52 44 24 15 14 13 16 20 25 27 32 38 % U/C 7 Days 20.5% 30.4% 35.7% 41.2% 42.4% 41.5% 37.4% 31.6% 28.0% 28.3% 25.5% 21.2% or Less Months of 4.54 4.3 2.9 2.7 2.5 2.5 2.7 2.9 3.6 3.4 3.5 2.7 Inventory % of Reduced 45.4% 35.2% 30.9% 26.1% 26.5% 26.8% 31.1% 36.2% 39.3% 40.4% 44.2% 47.2% Listings -5.9% -5.4% -5.0% -4.7% -4.6% -4.5% -4.5% -4.9% -5.2% -5.4% -5.5% -5.5% 0.0% -0.8% 0.5% 0.6% -0.2% 0.6% -0.3% -0.1% 0.2% -0.3% -0.1% -0.6% Average 0.0% -1.4% 0.4% 1.5% -1.0% 1.5% -0.8% 0.3% 0.0% -0.3% 0.5% -1.0% Price 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 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 $500,000 - $1,000,000 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- $500,000 to $1,000,000 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 146 1.6 Balance 26.9% Equilibrium Contracts 55 50 50.2% 01/01/2020- 46.4% 1,722 221 48 59 41 245 2020 122 4,296 2.5 17.5 28 36.5% 3.7% 46.1% -$34,092 -5.0% 01/07/2020 53.3% 1,673 312 53 64 16 32.8% 2.7% 60.8% -$32,610 -4.7% 01/08/2020- 56.6% 1,627 346 74 58 6,395 13 31.7% 4.5% 62.7% -$34,027 -4.9% 01/14/2020 57.7% 1,546 336 50 110 12 33.1% 4.1% 64.3% -$23,463 -3.6% January 01/15/2020- 56.3% 1,460 338 82 64 29 326 181 1.2 8,509 19.7% 131 5,637 3.4 17.3 11 29.3% 3.8% 63.1% -$25,653 -3.9% 01/21/2020 60.3% 1,463 440 68 55 11 27.7% 3.3% 67.5% -$22,456 -3.4% 01/22/2020- 62.8% 1,401 350 81 35 28 374 197 1.0 9,761 16.7% 136 6,519 4.0 17.4 9 23.5% 4.5% 67.9% -$26,285 -4.1% 01/28/2020 66.3% 1,370 394 79 118 9 20.5% 4.6% 71.9% -$26,779 -4.2% 01/29/2020- 66.3% 1,322 467 76 55 34 375 190 0.9 9,788 15.8% 150 6,378 4.1 17.0 6 22.4% 5.5% 74.0% -$27,729 -4.1% 02/04/2020 67.3% 1,387 556 82 58 6 19.9% 2.3% 75.3% -$22,576 -3.4% 02/05/2020- 63.7% 1,507 518 132 63 27 369 206 0.9 9,631 15.2% 136 5,548 3.8 15.0 5 19.5% 4.7% 75.4% -$25,162 -3.9% 02/11/2020 57.2% 1,679 516 171 105 6 20.5% 3.0% 77.5% -$27,444 -4.1% February 02/12/2020- 56.9% 1,705 434 97 59 33 408 200 0.8 10,649 13.7% 127 6,039 4.1 14.8 11 25.8% 2.0% 77.5% -$30,520 -4.7% 02/18/2020 45.2% 2,250 430 110 65 12 27.2% 3.4% 70.8% -$27,179 -4.2% 02/19/2020- 43.5% 2,295 262 58 52 25 413 224 0.8 10,779 13.0% 153 6,755 4.8 16.4 17 32.5% 6.7% 66.1% -$30,442 -4.5% $500,000 - $1,000,000 2020 02/25/2020 44.3% 2,215 217 90 51 18 24.1% 3.9% 63.5% -$29,701 -4.4% 02/26/2020- 44.2% 2,253 354 137 104 35 434 254 0.7 11,327 12.1% 148 6,497 4.7 15.0 12 27.4% 5.7% 70.3% -$24,601 -3.8% 03/03/2020 52.0% 2,487 499 135 59 10 26.8% 5.2% 69.6% -$25,824 -3.9% 03/04/2020- 50.9% 2,544 550 132 50 40 433 398 0.7 11,301 11.7% 129 7,254 5.5 16.8 14 28.2% 3.2% 70.0% -$25,087 -3.7% 03/10/2020 53.8% 2,637 580 132 46 11 31.3% 3.5% 68.4% -$26,578 -3.9% 03/11/2020- 50.7% 2,729 502 101 116 42 476 295 0.7 12,424 11.2% 121 8,761 6.3 18.4 13 33.1% 2.6% 66.1% -$24,810 -3.6% 03/17/2020 55.0% 2,649 537 116 59 12 34.6% 2.4% 66.5% -$24,815 -3.8% March 03/18/2020- 56.2% 2,633 567 120 53 81 391 318 0.9 10,205 14.8% 94 6,711 4.5 17.2 11 33.3% 0.0% 61.6% -$27,339 -4.1% 03/24/2020 62.0% 2,625 581 106 57 12 38.2% 1.9% 64.9% -$25,606 -3.8% 03/25/2020- 60.4% 2,577 584 104 104 145 307 294 1.3 8,013 21.0% 65 3,838 2.3 12.5 10 33.7% 2.3% 59.5% -$25,383 -3.8% 03/31/2020 64.4% 2,530 580 108 64 13 34.6% 2.7% 63.6% -$25,409 -3.9% 04/01/2020- 55.5% 2,490 433 90 64 123 277 380 1.4 7,230 23.6% 73 2,580 1.5 9.3 11 52.4% 1.3% 64.0% -$23,530 -3.6% 04/07/2020 63.2% 2,449 574 107 55 10 33.0% 3.2% 65.7% -$27,259 -4.1% 04/08/2020- 65.5% 2,373 542 108 53 96 244 231 2.1 6,368 35.3% 53 2,695 1.2 11.0 10 32.4% 1.4% 64.3% -$27,334 -3.9% 04/14/2020 63.6% 2,307 498 126 120 9 35.4% 3.3% 64.3% -$24,003 -3.5% April 04/15/2020- 63.6% 2,234 474 116 73 130 232 225 2.3 6,055 37.9% 82 655 0.3 2.8 10 30.4% 2.5% 62.1% -$28,783 -4.2% 04/21/2020 61.7% 2,174 497 112 63 10 32.7% 2.5% 67.2% -$27,978 -4.1% 04/22/2020- 65.4% 2,113 517 109 55 87 206 241 2.5 5,377 41.2% 72 406 0.2 2.0 8 30.9% 2.0% 65.3% -$29,645 -4.2% 04/28/2020 65.9% 2,086 532 103 152 8 29.6% 2.3% 66.8% -$29,574 -4.4% 04/29/2020- 65.0% 2,012 487 102 45 67 220 231 2.4 5,742 39.2% 50 2,355 1.0 10.7 10 34.6% 3.2% 67.2% -$26,891 -3.8% 05/05/2020 63.6% 1,919 446 90 62 8 31.7% 2.5% 62.9% -$26,635 -3.9% 05/06/2020- 65.8% 1,825 499 107 40 76 474 257 1.2 12,371 20.1% 109 5,390 2.2 11.4 7 29.3% 3.8% 64.5% -$25,595 -3.8% 05/12/2020 67.5% 1,773 440 86 43 7 26.9% 2.9% 67.8% -$31,081 -4.2% 05/13/2020- 68.0% 1,720 450 105 106 36 487 180 1.2 12,711 20.0% 104 6,454 2.5 13.3 7 30.7% 3.1% 69.9% -$29,217 -4.2% 05/19/2020 69.6% 1,686 531 93 41 6 28.7% 4.7% 64.6% -$27,884 -4.0% May 05/20/2020- 67.1% 1,652 446 114 55 61 562 203 1.1 14,668 18.0% 118 7,847 3.0 14.0 7 29.0% 2.5% 68.8% -$26,337 -3.9% 05/26/2020 68.3% 1,620 456 76 51 6 24.9% 2.6% 68.4% -$26,973 -4.0% 05/27/2020- 67.9% 1,588 424 86 90 45 516 176 1.2 13,468 20.3% 125 5,976 2.2 11.6 8 25.1% 6.2% 68.9% -$27,358 -4.0% 06/02/2020 68.7% 1,577 325 85 77 8 29.3% 3.5% 71.5% -$30,233 -4.4% 06/03/2020- 74.2% 1,451 353 120 49 62 576 309 1.1 15,034 17.6% 133 8,513 3.2 14.8 10 30.6% 4.3% 66.5% -$30,164 -4.6% 06/09/2020 68.9% 1,409 327 78 49 7 24.7% 5.6% 63.8% -$28,388 -4.1% 06/10/2020- 71.0% 1,331 291 73 85 55 580 274 1.0 15,138 17.4% 128 6,606 2.5 11.4 13 34.3% 6.5% 68.8% -$27,756 -4.3% 06/16/2020 62.3% 1,237 161 45 37 5 21.5% 4.1% 61.6% -$28,737 -4.4% June 06/17/2020- 71.9% 1,142 122 66 34 62 654 419 0.9 17,069 15.4% 147 7,511 2.9 11.5 6 28.2% 4.5% 74.0% -$32,466 -4.7% 06/23/2020 69.8% 1,119 259 52 38 6.5 23.9% 4.3% 67.5% -$27,373 -4.2% 06/24/2020- 70.0% 1,037 221 43 22 64 583 408 1.0 15,216 16.9% 129 6,711 2.6 11.5 16 31.0% 7.3% 68.7% -$23,405 -3.6% 06/30/2020 63.0% 897 110 27 8.4% 60.6% -$30,265 -4.1% 07/01/2020- 64 640 602 0.9 16,704 15.1% 144 7,391 2.9 11.5 07/07/2020 07/08/2020- 67 458 334 1.2 11,954 20.8% 127 5,200 2.1 11.4 07/14/2020 July 07/15/2020- 73 612 466 0.9 15,973 15.3% 139 9,791 4.0 16.0 07/21/2020 07/22/2020- 82 601 538 0.9 15,686 15.1% 144 9,375 4.0 15.6 07/28/2020 07/29/2020- 81 567 453 0.9 14,799 15.6% 140 9,269 4.0 16.3 08/04/2020 08/05/2020- 88 535 574 1.0 13,964 16.0% 139 9,024 4.0 16.9 08/11/2020 August 08/12/2020- 150 532 392 0.9 13,885 15.7% 135 9,362 4.3 17.6 08/18/2020 08/19/2020- 62 577 462 0.8 15,060 14.0% 145 9,058 4.3 15.7 08/25/2020 08/26/2020- 59 589 446 0.8 15,373 13.6% 147 8,702 4.2 14.8 09/01/2020 09/02/2020- 74 576 566 0.8 15,034 13.4% 155 9,123 4.5 15.8 09/08/2020 October September 09/09/2020- 55 524 326 0.8 13,676 14.0% 154 7,508 3.9 14.3 09/15/2020 09/16/2020- 53 496 431 0.8 12,946 14.1% 129 8,853 4.9 17.8 09/22/2020 09/23/2020- 52 494 436 0.8 12,893 13.7% 148 8,646 4.9 17.5 09/29/2020 09/30/2020- 62 528 402 0.7 13,781 12.5% 152 9,235 5.4 17.5 10/06/2020 10/07/2020- 77 568 561 0.7 14,825 11.4% 148 8,478 5.0 14.9 10/13/2020 10/14/2020- 67 476 383 0.8 12,424 13.3% 135 8,001 4.8 16.8 10/20/2020 10/21/2020- 50 455 465 0.8 11,876 13.6% 135 8,270 5.1 18.2 10/27/2020 10/28/2020- 53 484 398 0.8 12,632 12.6% 162 7,085 4.5 14.6 11/03/2020 11/04/2020- 54 413 581 0.9 10,779 14.6% 157 6,069 3.8 14.7 11/10/2020 December November 11/11/2020- 105 568 614 0.6 14,825 9.8% 198 5,997 4.1 10.6 11/17/2020 11/18/2020- 58 415 412 0.8 10,832 13.0% 163 6,037 4.3 14.5 11/24/2020 11/25/2020- 51 378 493 0.8 9,866 13.5% 164 4,161 3.1 11.0 12/01/2020 12/02/2020- 36 248 362 1.1 6,473 19.1% 178 3,261 2.6 13.1 12/08/2020 12/09/2020- 32 367 401 0.7 9,579 11.9% 315 6,141 5.4 16.7 12/15/2020 12/16/2020- 33 311 361 0.8 8,117 13.8% 158 4,939 4.4 15.9 12/22/2020 12/23/2020- 33 268 378 0.9 6,995 14.8% 158 2,662 2.6 9.9 12/29/2020 24 163 225 1.3 4,254 21.1% 172 2,273 2.5 13.9

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $500,000 to $1,000,000 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 275 0.8 Balance 12.8% Equilibrium Contracts 220 14 22.9% 12/30/2020- 56.0% 834 140 40 32 18 249 2020 221 3,538 4.2 14.2 5 16.2% 10.6% 66.5% -$28,512 -3.7% 01/05/2021 74.5% 796 311 61 37 5 17.0% 9.9% 74.0% -$36,626 -4.7% 01/06/2021- 72.5% 891 351 49 32 6,499 4 13.6% 9.5% 73.6% -$33,839 -4.9% 01/12/2021 77.4% 736 386 55 43 4 8.1% 6.4% 80.0% -$37,196 -5.3% January 01/13/2021- 76.7% 789 400 67 28 22 377 252 0.5 9,840 8.1% 170 7,849 9.9 20.8 4 11.8% 8.9% 83.0% -$13,476 -4.4% 01/19/2021 81.0% 713 449 62 20 4 11.2% 5.7% 52.5% -$34,066 -4.9% 01/20/2021- 82.5% 651 411 65 35 21 417 221 0.5 10,884 8.2% 175 8,689 9.8 20.8 4 9.6% 6.8% 81.9% -$33,756 -4.6% 01/26/2021 83.3% 589 429 64 39 4 6.8% 4.7% 85.7% -$30,917 -4.1% 01/27/2021- 86.5% 527 468 60 17 23 443 247 0.4 11,562 6.4% 172 10,019 13.6 22.6 4 6.2% 5.2% 88.0% -$34,066 -4.6% 02/02/2021 86.9% 564 467 54 54 4 4.8% 4.6% 89.2% -$25,056 -3.4% 02/03/2021- 82.0% 601 345 58 26 31 441 296 0.4 11,510 6.9% 161 8,926 11.3 20.2 4 9.8% 2.7% 92.5% -$23,942 -3.4% 02/09/2021 86.1% 638 571 78 35 4 6.1% 7.5% 82.7% -$25,244 -3.2% February 02/10/2021- 85.8% 675 574 64 48 20 526 293 0.3 13,729 5.2% 179 11,381 16.0 21.6 4 8.0% 4.2% 89.7% -$26,687 -3.2% 02/16/2021 83.6% 711 505 54 32 4 5.5% 5.9% 86.0% -$23,462 -3.5% 02/17/2021- 83.5% 874 685 75 23 36 460 340 0.3 12,006 5.4% 167 9,709 14.9 21.1 4 9.7% 3.5% 91.0% -$26,563 -3.9% $500,000 - $1,000,000 2021 02/23/2021 87.0% 670 622 67 28 4 9.4% 4.0% 86.3% -$37,940 -5.3% 02/24/2021- 86.4% 640 586 66 64 34 479 372 0.3 12,502 4.7% 169 10,662 18.1 22.3 4 7.3% 3.9% 86.7% -$34,157 -4.7% 03/02/2021 86.3% 659 705 84 30 4 12.9% 3.4% 89.3% -$41,753 -6.0% 03/04/2021- 77.1% 703 662 76 47 24 491 533 0.2 12,815 4.1% 163 11,145 21.1 22.7 4 7.1% 4.8% 82.3% -$92,395 -7.3% 03/09/2021 86.4% 732 740 87 26 4 8.2% 4.7% 88.2% -$32,712 -4.7% 03/10/2021- 85.2% 937 781 83 36 37 593 384 0.2 15,477 3.6% 201 12,839 22.8 21.7 5 13.7% 2.7% 89.1% -$27,964 -4.1% 03/16/2021 82.6% 897 525 83 28 4 8.4% 3.7% 82.6% -$32,975 -4.8% March 03/17/2021- 86.3% 856 908 100 37 31 435 438 0.3 11,354 5.3% 187 6,818 11.3 15.7 4 11.0% 4.5% 87.1% -$29,376 -4.0% 03/23/2021 80.8% 1,250 859 98 40 5 11.7% 2.2% 86.7% -$29,251 -4.4% 03/24/2021- 81.6% 1,151 842 131 33 33 615 457 0.2 16,052 4.0% 166 13,548 21.2 22.0 5 13.0% 4.6% 83.8% -$29,537 -4.4% 03/30/2021 80.6% 1,361 946 129 64 8 20.4% 3.8% 83.3% -$29,314 -4.4% 03/31/2021- 75.1% 1,475 426 92 41 41 624 521 0.2 16,286 4.1% 172 13,149 19.5 21.1 4 15.6% 6.3% 73.3% -$28,430 -3.8% 04/06/2021 74.2% 1,910 880 151 54 5 17.5% 4.0% 80.4% -$27,885 -4.0% 04/07/2021- 78.0% 1,563 816 127 33 24 530 545 0.3 13,833 5.1% 165 10,231 14.4 19.3 5 17.5% 4.0% 78.6% -$38,041 -5.2% 04/13/2021 75.9% 1,638 717 144 63 6 23.2% 4.0% 78.6% -$38,041 -5.2% April 04/14/2021- 75.7% 1,713 751 134 55 36 689 494 0.3 17,983 4.9% 158 15,739 18.0 22.8 6 23.2% 3.4% 73.4% -$28,980 -4.4% 04/20/2021 71.9% 1,762 747 102 33 7 25.4% 2.6% 74.2% -$31,481 -4.7% 04/21/2021- 74.9% 1,795 666 120 48 40 667 514 0.2 17,409 3.8% 170 9,722 14.5 14.6 6 26.5% 3.2% 71.4% -$30,658 -4.5% 04/27/2021 74.8% 1,748 644 140 66 7 24.9% 3.0% 70.5% -$29,536 -4.4% 04/28/2021- 76.3% 1,806 665 130 34 24 606 509 0.2 15,817 4.0% 163 13,045 20.4 21.5 9 29.9% 4.4% 70.7% -$35,145 -5.1% 05/04/2021 72.2% 1,716 470 154 56 5 22.1% 4.9% 65.3% -$36,332 -5.2% 05/05/2021- 71.6% 1,872 809 129 45 41 661 694 0.2 17,252 3.8% 147 13,220 20.1 20.0 5 22.6% 2.1% 75.9% -$36,830 -5.3% 05/11/2021 72.5% 1,958 777 114 40 6 27.2% 3.5% 74.0% -$30,624 -4.6% 05/12/2021- 74.6% 1,688 634 126 87 48 645 565 0.3 16,835 4.2% 153 12,216 17.4 18.9 6 24.6% 2.2% 70.6% -$34,063 -5.0% 05/18/2021 74.7% 1,748 672 127 40 5 20.2% 4.9% 70.5% -$32,136 -4.5% May 05/19/2021- 73.3% 1,791 646 115 36 35 716 649 0.2 18,688 3.9% 152 13,173 18.0 18.4 6 27.4% 3.0% 76.9% -$37,421 -4.9% 05/25/2021 75.3% 1,792 644 120 39 7 25.7% 1.9% 70.7% -$37,487 -5.2% 05/26/2021- 75.0% 1,793 572 121 81 45 762 625 0.3 19,888 4.7% 154 13,659 14.6 17.9 7 26.8% 3.9% 70.4% -$32,901 -4.5% 06/01/2021 72.2% 1,691 525 123 58 6 22.9% 3.8% 69.4% -$35,674 -4.9% 06/02/2021- 74.9% 1,554 583 98 35 44 520 631 0.4 13,572 6.6% 146 8,772 9.8 16.9 6 22.1% 3.4% 73.7% -$38,919 -5.3% 06/08/2021 76.6% 1,560 537 14 34 6 23.6% 5.3% 72.6% -$32,014 -4.3% 06/09/2021- 78.6% 1,398 458 86 55 47 773 642 0.3 20,175 4.2% 134 13,217 15.4 17.1 13 29.7% 5.0% 71.4% -$39,586 -4.8% 06/15/2021 70.6% 1,287 181 55 40 5 20.8% 6.3% 64.0% -$32,472 -4.5% June 06/16/2021- 77.1% 1,201 441 92 20 59 736 630 0.4 19,210 6.5% 132 11,879 9.5 16.1 6 25.4% 5.0% 74.2% -$34,001 -4.7% 06/22/2021 77.9% 1,076 369 74 33 8 22.4% 4.3% 70.3% -$32,119 -4.3% 06/23/2021- 79.5% 974 256 88 18 56 715 638 0.4 18,662 6.2% 126 10,829 9.4 15.1 14.5 26.1% 9.7% 67.8% -$32,613 -4.2% 06/29/2021 75.8% 723 103 47 12.8% 61.2% -$27,260 -3.7% 06/30/2021- 105 793 642 0.4 20,697 6.6% 126 12,049 8.9 15.2 07/06/2021 07/07/2021- 65 537 676 0.6 14,016 10.5% 170 6,540 4.4 12.2 07/13/2021 07/014/2021- 83 749 634 0.6 19,549 9.8% 120 10,919 5.7 14.6 07/20/2021 July 07/21/2021- 64 759 710 0.5 19,810 7.9% 136 10,814 6.9 14.2 07/27/2021 07/28/2021- 72 706 583 0.5 18,427 8.9% 137 10,903 6.7 15.4 08/03/2021 08/04/2021- 71 713 713 0.6 18,609 9.2% 134 10,444 6.1 14.6 08/10/2021 08/11/2021- 68 701 476 0.6 18,296 9.6% 137 10,903 6.2 15.6 08/17/2021 September August 08/18/2021- 65 734 594 0.6 19,157 9.4% 155 10,727 6.0 14.6 08/24/2021 08/25/2021- 77 687 649 0.6 17,931 9.7% 145 10,614 6.1 15.4 08/31/2021 09/01/2021- 74 736 812 0.6 19,210 9.4% 153 11,222 6.2 15.2 09/07/2021 09/08/2021- 54 590 521 0.7 15,399 11.1% 154 8,987 5.2 15.2 09/14/2021 09/15/2021- 56 713 511 0.6 18,609 10.1% 125 11,008 5.9 15.4 09/21/2021 09/22/2021- 65 731 575 0.6 19,079 10.3% 135 11,243 5.7 15.4 09/28/2021 09/29/2021- 53 722 534 0.5 18,844 9.0% 158 11,149 6.6 15.4 10/05/2021 10/06/2021- 49 757 689 0.5 19,758 8.8% 158 10,693 6.1 14.1 10/12/2021 October 10/13/2021- 62 671 568 0.6 17,513 10.2% 145 10,999 6.1 16.4 10/19/2021 10/20/2021- 62 706 659 0.6 18,427 9.7% 153 10,707 6.0 15.2 10/26/2021 10/27/2021- 56 707 646 0.6 18,453 9.7% 169 11,324 6.3 16.0 11/2/2021 11/02/2021- 48 622 595 0.6 16,234 10.4% 157 10,076 6.0 16.2 11/09/2021 December November 11/10/2021- 75 671 570 0.5 17,513 8.9% 164 11,015 7.1 16.4 11/17/2021 11/18/2021- 46 650 639 0.6 16,965 9.2% 196 10,956 7.0 16.9 11/24/2021 11/25/2021- 49 601 708 0.5 15,686 8.9% 184 9,661 6.9 16.1 11/30/2021 12/01/2021- 38 345 499 0.9 9,005 14.3% 229 4,492 3.5 13.0 12/07/2021 12/08/2021- 42 538 526 0.5 14,042 8.6% 169 9,273 7.7 17.2 12/14/2021 12/15/2021- 40 473 468 0.5 12,345 8.7% 178 7,970 7.4 16.8 12/21/2021 12/22/2021- 51 403 596 0.6 10,518 9.3% 194 5,967 6.1 14.8 12/28/2021 30 200 378 0.8 5,220 13.9% 210 2,591 3.6 13.0

Greater Metro Denver Attached and Detached Residential Strategy Sheet by Week- $500,000 to $1,000,000 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 160 421 0.6 9.5% 5 14.4% January 12/29/2021- 68.7% 691 174 61 25 26 278 373 0.3 2022 4.8% 196 4,534 6.6 16.3 4 13.2% 3.9% 81.8% -$14,835 -4.0% 01/04/2022 83.8% 627 427 84 22 41 501 304 0.3 5.1% 171 11,854 18.9 23.7 5 11.9% 9.1% 77.8% -$27,313 -3.7% February 01/05/2022- 82.0% 673 416 57 29 24 503 273 0.2 7,256 3.7% 185 12,703 18.9 25.3 4 9.1% 8.3% 79.8% -$25,272 -3.6% $500,000 - $1,000,000 2022 01/11/2022 84.5% 505 462 70 49 30 519 365 0.3 13,076 4.4% 172 12,519 24.8 24.1 4 9.3% 7.2% 83.7% -$24,231 -3.5% March 01/12/2022- 82.7% 580 441 65 26 23 506 298 0.2 13,128 3.7% 175 13,073 22.5 25.8 4 4.5% 7.0% 83.7% -$30,835 -4.0% 01/18/20200 85.2% 541 522 75 27 21 566 424 0.2 13,546 3.4% 167 13,430 24.8 23.7 4 7.2% 3.8% 91.7% -$14,513 -3.9% April 01/19/2022- 87.2% 544 587 56 11 22 609 417 0.2 13,207 3.4% 167 14,285 26.3 23.5 4 5.3% 9.1% 83.7% -$37,063 -4.8% 01/25/2022 88.1% 574 595 69 42 19 643 652 0.3 14,773 5.3% 171 14,587 25.4 22.7 4 4.8% 5.3% 89.5% -$21,475 -3.0% 01/26/2022- 84.6% 777 617 64 17 29 564 490 0.2 15,895 3.3% 144 13,779 17.7 24.4 4 4.8% 4.8% 90.5% -$25,360 -3.6% 02/01/2022 88.2% 641 745 68 25 31 740 553 0.3 16,782 5.1% 161 15,681 24.5 21.2 4 4.9% 5.0% 90.2% -$24,676 -3.4% 02/02/2022- 83.9% 957 700 87 23 46 724 619 0.3 14,720 5.0% 160 15,549 16.2 21.5 4 6.9% 89.8% 5.2% -$32,519 -4.4% 02/08/2022 85.0% 920 662 79 28 30 706 574 0.3 19,314 5.6% 166 14,591 15.9 20.7 4 7.3% 5.0% 88.1% -$38,689 -4.5% 02/09/2022- 83.0% 1,011 711 88 63 36 696 793 0.3 18,896 5.1% 151 13,865 13.7 19.9 4 7.9% 5.8% 86.9% -$37,709 -4.5% 02/15/2022 83.7% 1,087 800 85 33 44 812 615 0.3 18,427 5.1% 159 14,970 13.8 18.4 4 3.3% 4.9% 87.2% -$24,463 -3.3% 02/16/2022- 83.5% 1,105 923 98 25 39 834 672 0.4 18,166 7.0% 142 13,117 11.9 15.7 5 11.1% 1.6% 95.1% -$13,038 -3.2% 02/22/2022 81.5% 1,206 717 87 37 661 21,193 140 10,309 8.5 15.6 4.2% 84.7% -$30,826 -4.1% 02/23/2022- 21,767 03/01/2022 17,252 03/02/2022- 03/08/2022 03/09/2022- 03/15/2022 03/16/2022- 03/22/2022 03/23/2022- 03/29/2022 03/30/2022- 04/05/2022 04/06/2022- 04/12/2022 04/13/2022- 04/19/20220 04/20/2022- 04/26/2022

Metric 0 0.0 500 0.5 1,000 1,500 2,000 2,500 Predictive MSI Greater Metro Denver Attached and Detached Residential $500,000-$1,000,000 Market Response to COVID-19 Market Metrics Current 01/01/2020-01/07/2020 1.2 1.6 3,000 WOW 01/29/2020-02/04/2020 1.3 1.4 1 Year Ago 02/26/2020-03/03/2020 00.07..7070.8.080.0.99.19.0 03/25/2020-03/31/2020 Predictive 04/22/2020-04/28/2020 0000000000000.00..0...2..2200.0.0.22..02.00.2200020.200222033..0.3.......33.3..30.333033.33033003300....4.4.4.440040400.0000.0.500050.050.0..0.0.000.55..0.5555.50.0.0.6606.....666.666666..0.6.066660..7007.0070.0.000.700.800008..80...8..08.808..8.888.0088080.90.09..19..99..99.991011.10..0.111.11111..1.222..23 2.12.32.42.5 Coming Soon MSI 05/20/2020-05/26/2020 0.4 06/17/2020-06/23/2020 37.7% 07/15/2020-07/21/2020 64.6% 08/12/2020-08/18/2020 09/09/2020-09/15/2020 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 115 Coming Soon 10/07/2020-10/13/2020 -2.5% 11/04/2020-11/10/2020 -11.5% 12/02/2020-12/08/2020 12/30/2020-01/05/2021 1,206 Avg Daily 01/27/2021-02/02/2021 Avg Daily Active 9.1% Active 02/24/2021-03/02/2021 61.3% 03/24/2021-03/30/2021 04/21/2021-04/27/2021 717 New Listings 05/19/2021-05/25/2021 New Listings -22.3% 06/16/2021-06/22/2021 13.9% 07/14/2021-07/20/2021 08/11/2021-08/17/2021 87 Back on 09/08/2021-09/14/2021 Back on Market -11.2% Market 10/06/2021-10/12/2021 26.7% 11/3/2021-11/9/2021 25 Expired Withdrawn 12/01/2021-12/07/2021 Expired -24.2% 12/29/2021-01/04/2022 6.3% 01/26/2022-02/01/2022 02/23/2022-03/01/2022 37 03/23/2022-03/29/2022 Withdrawn -5.1% -8.3% Pending Pending 661 -20.7% -0.9% Closed Closed 672 3.0 9.3% 32.0% 1.0 1.5 2.0 2.5 $500,000 - $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 Greater Metro Denver Attached and Detached Residential $500,000-$1,000,0004443444.55.4.23%.62%%.%4%55005..25795.3%%0355.%.5355558556%.566.%6056.57..0.%723.%6.9%.2%%6%67%%00%666..166324626666.23%.%3.6733303.36..664%80...6%.26%566666755.%%5%564.66%%6%%6..0.66.457%67..87966%63738%%.8.6%.%8681873%.%.5.7990.9.%37.0%%77790.%%7.7%177.6%8%771%0.11.2276%%22.0%..776..3%7799..77%22777755474%.44%%74747%%43455%%7.5.77..5.522.5.%.7..5667.789960617..3%%.77%%.77%8%9%7%.%.%73%8.67%7.%%81.%4.%%9890.8%8%688%0.%08815%81818..822.68%88882.8202.883..56%383%33.8003.%.383.885%67%.4.0..4%8%..35.855556%88887%8%889.%.588%.865%..%%66666%66%0%22.67887.%%..8....%1%%3334..4588.%902%%%%%%%..%%12%%% 01/29/2020-02/04/2020 Market Response to COVID-19 Odds of Selling by Week Current 02/26/2020-03/03/2020 WOW 03/25/2020-03/31/2020 100.0% 1 Year Ago 04/22/2020-04/28/2020 90.0% 05/20/2020-05/26/2020 80.0% Odds of 06/17/2020-06/23/2020 70.0% Selling 07/15/2020-07/21/2020 60.0% 81.5% 08/12/2020-08/18/2020 50.0% -1.9% 09/09/2020-09/15/2020 40.0% -5.4% 10/07/2020-10/13/2020 30.0% 11/04/2020-11/10/2020 12/02/2020-12/08/2020 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 $500,000 - $1,000,000

0 5,000 10,000 15,000 20,000 25,000 Market Response to COVID-19 Active vs. Balanced Market Greater Metro Denver Attached and Detached Residential $500,000-$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 555555556666666666677777777788880882944996798801234415577719101112313117891131517995917211341454071191111,71810,19031511,11,313,31,26,,117119611,,04101,61,140110771,11110111,7111,171114,1,1,2,11,211,1212,,,,12,1313,,3,,13,3,3414,23,,4,4474,8,,,3,025,1,,,2,4553,,3555,,5250,,0,,,6623,65262263,686366727,27723,73776,7773823977071708,783566462778.5,402299,924142..56462974,81624202,7320,522,,27.778.890430,1212,.121442144607.71,.8991999022.21302.,2574467.7,,213147.6,40.3,547.883,8.017859,2,,4,039565818.%454350650521588,15%%5213722135556521563665562..5%%94009.%785.%7%2.%4%..77689.%..383%.4%94%7..%524033034.1165%711122.33639%%46706%0646%75%379%6%.%%%9%7%.%%.42..%4.566.79,%08%82%%%8.%8%.888.895951995.9299.9....69.,%4999997%.5.89,.9%9201..1.1223%3.1..4.6.4.%15,%%%%62%1077788070%%76%601%1,%606%1%02.%%0%%%.4.17,,.1111,.,2311336.454542118%.1.717%1%.269,%152711%9.429%2,1.,1471.851%12%2339319111%1.9.31131.8%35313365.%.33383%15.44100.48,.%.14.%03611..14.1%.514616..4%%.7781,919.9%100555%151%15.%35%.%%%5%5.6,5%%.8..%0716.7%.9091112.1.3%949.%999661.7%,08,%1%6%00%,%5,61,,.%7%775%78.8,7%1738912.6811.4161%14091.6%001800000690%1,1122%,52511,,%,6.,111077028181201121114,,,.77.03%811.38,3311,10129113518599.214,.0215.2,%2%,822180%121,691102117204,1,%,,217%0,2325%223044,315,1311,3661,7441,37612281,30813,9331,311031513.1344123,29346,,324474,12,55,50,631,761%,71,1811,66884797001174124184423441886261114556,519,51,,63,,565117475675882,,1,51,1.,0060155217,9,922251,15353338664,,0339%551,6666,17,9144801,788916,088,16396126711297615667,11,73,778573,7782,771914,,60081,3221,,7674111614552851155181,5,08889811119,988228,8111911,,,,82338318,,4444,,96196699,696,1931222158,38169,00,,6680,192227779345993,9928755,011,4.6,127893847,00405112%839,870186725,39.11997,9%7.3246%17.2% 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 1,206 08/12/2020-08/18/2020 9.1% 09/09/2020-09/15/2020 61.3% 10/07/2020-10/13/2020 11/04/2020-11/10/2020 -0.9% -20.7% 17,252 Active Units 12/02/2020-12/08/2020 for Balance 12/30/2020-01/05/2021 01/27/2021-02/02/2021 Avg Daily Active 3.1% 1.9% 7.0% % of Balance 02/24/2021-03/02/2021 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 % of Balance 07/14/2021-07/20/2021 08/11/2021-08/17/2021 45.0% 09/08/2021-09/14/2021 40.0% 10/06/2021-10/12/2021 35.0% 30.0% 11/3/2021-11/9/2021 25.0% 12/01/2021-12/07/2021 20.0% 12/29/2021-01/04/2022 15.0% 01/26/2022-02/01/2022 10.0% 02/23/2022-03/01/2022 5.0% 03/23/2022-03/29/2022 0.0% $500,000 - $1,000,000

18,000 Greater Metro Denver Attached and Detached Residential $500,000-$1,000,000 16,000 Market Response to COVID-19 Showings 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 00110101000100100000010000000532683271541834922021092171621/////////////////////////////02221002220222102010012121231192104679935619245417623817064/3/////////////////////////////22222222222222222222222222222/0000000000000000000000000000022222222222222222222222222222202010000020111101002101011112001-----------------------------10000100001010000000000010000-1308243553741022319698323116271/////////////////////////////01100132023220010010212212002/893774237652714108542018210359//////////////////////////////222222222222222222222222222222000000000000000000000000000000222222222222222222222222222222111000000000001111111101222111201.0.02.0222.25222.22.22...3212223...3..3.355563.66..33.99.0433.13424.444.444446454044..64.444....4.88....9504.00..60.04444111..2..25.3335454555.5...55.57.8.89955.05.1.6266.2666664466..566.....776.6....69..0500..112116612272.733..66,27.2.7.,2.229979301,.,,,7545..56678383895689,.01252.59939969.,.44485.1.,84394,31112,,,81641415595.1,.913365393,52.87452,393,,,05551596681616960,,,34,,43,6339969106006016,16.89.,.7661676,9461,336,7634,84,4455,,476,67.47197,97.77.75479814511607,.51811775409,7119056,.6211,,5738468.5578.59,950.1801,8,429011887,814118818278087,,8.78848,58,8,94709,1,.6961,7177,9.77.991,.8,09,99004,98810800167,8,,1359,,229692289.2.2935913222399,63,1,672714,668.77073175150930062150.2209210,11.,1111090211140,111110,102011010,310.0171.00410,10,13,01,11,226019,6,16167274,,1,1,881,,,1299919196,,99000224,1,11211,.00214,2521390713.75311491448332946298528,,212592838,14221402,157224411214.,2111149551,..335391,373883312168,1,.,3,01,0,,0431169311322,3347,314.947,11253,563,7397314170485074,4861929,,545851,859191571575,,50,67483919 Current $500,000 - $1,000,000 WOW 1 Year Ago Total Showings 10,309 -21.4% 3.7% Shows per Listing 8.5 -28.0% -33.1% Total Showings Shows per Listing 0.0 5.0 10.0 15.0 20.0 25.0 30.0

18,000 Greater Metro Denver Attached and Detached Residential $500,000-$1,000,000 16,000 Market Response to COVID-19 Showings vs. Contracts 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Metric 01/01/2020-01/07/2020 91222222221222.33333333333444444444494444464444444444550505555525555553444455055556555575755566666601662666646666666677776669777770077770111177177773373474775756737777787899900080611222028333332548966.666687778788899000011712264445556667779547888910100003611118133512276333313445143556580743669497146131669014683025781246878766013903116921524035041171117961176663356.21414661097923321410110.....414.4..55567126222.2152,123,22.1213,3553,,,5,31755356.6.380.13903.563911,301.1822,154018461411.111441131.1011414.44141414.,5441824444431,11.1..114..5.2..,55166,..61111..66556497451555.8181.8891.1519555550..1,19.015.3.556152951215.2521....,1552741.45..44424,13.66.116.16616163,.7.767,0555569.8.6666366.616316.9100.111110,,,4.11,,..12,6.36.9.69,1690360601366460666441916847,766.6.767,91.3,3671,..163..,17784,41.84.589599,,76,.6777279,.707971777.17517179812420.,7..871.117754.740,71955056116,21.811,,5.78388557888958.,5912801,..,84.9404184881,8148827808,.,98784,958,9709,1,6917.,727,797991,83,09,9942,99,0008067,8,,13859,,22969220.8229.,3523122943,062263,1,67.714,668077732291278005102930621.50210199.2.710,121,1111028289021.10,.111110,.110120110110,11312020171004.10,1.0,3,01,11,2.5.01695,26,161677,,461,71,881,,,12992991196.22,,9900024,1,1120211,.00221,42521223907137331142914433.29462..985268,2,.7125972838,284121302,157322311.214,21111459.51,.33243917,3737331168,1,4.,3,01,0,,031119311322.,3347,34214947,1125,563,573973141704825.074,486315929,,54.58581,859191571575,,50,67483919 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 10,309 09/09/2020-09/15/2020 -21.4% 10/07/2020-10/13/2020 3.7% 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 661 02/24/2021-03/02/2021 -20.7% 03/24/2021-03/30/2021 -0.9% 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 16 09/08/2021-09/14/2021 -0.8% 10/06/2021-10/12/2021 4.5% 11/3/2021-11/9/2021 12/01/2021-12/07/2021 Pending 12/29/2021-01/04/2022 01/26/2022-02/01/2022 Showings to Contracts 02/23/2022-03/01/2022 03/23/2022-03/29/2022 26.0 24.0 22.0 20.0 18.0 16.0 14.0 12.0 10.0 8.0 $500,000 - $1,000,000

01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $500,000-$1,000,000 28 50 01/29/2020-02/04/2020 Market Response to COVID-19 Median Days on Market for Pending Home Sales See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title Current Metric 02/26/2020-03/03/2020 4444444444444444444444444444444444555555555555555566666666666666666777777777.888888859999111111111111110000000011111111111111112222211333331441416.165178 WOW 03/25/2020-03/31/2020 60 1 Year Ago 04/22/2020-04/28/2020 50 05/20/2020-05/26/2020 40 5 DOM 06/17/2020-06/23/2020 30 25.0% 07/15/2020-07/21/2020 20 25.0% 08/12/2020-08/18/2020 10 09/09/2020-09/15/2020 10/07/2020-10/13/2020 0 11/04/2020-11/10/2020 12/02/2020-12/08/2020 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 $500,000 - $1,000,000

See back of report for disclosures and disclaimers. Courtesy of Megan Aller | First American Title 1 Year Ago WOW Current Metric 01/01/2020-01/07/2020 Greater Metro Denver Attached and Detached Residential $500,000-$1,000,0003444455566.667777.788...883...991191..995988181..23....5111.2.1...%1819123.31.11.1..%9.01%%%1241%%1%113243%%6378113%3%%11%%%4...%%%.%%.5%16%01.%.21%.%%21772.292.277.2902226722.2922.4%%22%9202.%.00%20206..222122%%2%2228202%%2222255.22%233.22232.32.2.3.24.%2454%22.44592255.%.%245555.2.22.86%%2..226..5667.63.73713.17.3344763.%99.883..322.%85%..693%3.%39%.99913%3.939693.73%99...1.30.440.%0%.73018%%.%3311%%..151%%3848.9%%22.232%34...%227.3.3%.3%223%%%3.7%%..0%4..%33344%.3679.%.5%%%%4%.6%..74%9.0.%63..%%.77.%%41.5%%%7..88%%1%30.7%%%.3%%656.%%%4%%%6%%.5%%%%%%2%2%%%.%540%.2% 99599998888882.1888180880881989989998..8888.58788.786.686%7.86.8.68..0.588582..48.75321%83.333..8.3.7%321.02.2%.21772%119%77.%73%77%0%%%70....70.9.%%7%.7..77.888%77%75.%%3%07%77777%776777%3.76797.8.%755754%..%%%27770%8%.7447%..7744%4477737%73.37%6663%682.655666.1.6%69.6111%666%660..09006....0600.0064.3.0%%966.5669%.228%%008008866667.8686%493...66777667676.66.%.76..7..66..6%9%..666%6544666.8%%67.7%6%.%%5..555464%33.6%.4%09.%644...4464.41.64%.39.38387.%44..3562%%%..928855%2%%2%%2.%.%..%%81.%%551..1.1.0%..0..%.%.%%3353%%9.9%.65%.%%33%06%0.%8%65%.%%1.96%%7..1%%%%6%.2%%%%8%%6%%%%%5%5%%%%%%%.476%.1% 01/29/2020-02/04/2020 Market Response to COVID-19 Price Reductions for Pending Transactions 1.4% 7.8% 15.6% Decrease Increase No Change 02/26/2020-03/03/2020 03/25/2020-03/31/2020 100% 0.2% 2.6% -10.4% 4.0% 04/22/2020-04/28/2020 90% 05/20/2020-05/26/2020 80% -1.6% 80.4% 06/17/2020-06/23/2020 70% 07/15/2020-07/21/2020 60% 08/12/2020-08/18/2020 50% 09/09/2020-09/15/2020 40% 10/07/2020-10/13/2020 30% 11/04/2020-11/10/2020 20% 12/02/2020-12/08/2020 10% 12/30/2020-01/05/2021 0% 01/27/2021-02/02/2021 02/24/2021-03/02/2021 Decrease Increase No Change 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 $500,000 - $1,000,000

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 $500,000-$1,000,000--55..33%%-5---444.0...-9---99%-4444%4--%%-.44....7-47777-4..----%.466%%%%44644.5.%%--..%..4----444444%--4-444%-------44%..%4%%-.4444444...32-4-2..-222.4224.......%%14.--------%-1111111%%%.1-3%%3333333.%3.0----03%%%%%%%0%--.3333........%-3999999993.%9%3-....8---.%8888%%%%%%%.3%3338-.7%-7%%%%3.-3...%%6---666%3.33.35%5%%%...4.%--44%433%%%%..22%% ------------------------------------------------------------------------------------------------------------------------$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$223322223222232322233232322322322223322322232233222232322233123232333332332212222223322233222233334233933322221333223231417964482026077779222395811925922548676660732975396206857837778808940452075037934537424556547329554476784103847204466757,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,143686046900397343966228887610908213475080079356554949483637175408855573354053411660745224997589607404031204251468322626783828285350759810151864316757873047346063761324319945373171618037968273683876129216655170558621307448077403136563831426043911234218614123467209617856959669312196673069599304493645037083235832635935564115335150656712020726844664875047377965 WOW 01/29/2020-02/04/2020 Market Response to COVID-19 Size of Price Reductions for Pending Transactions -5----5-.555-35.5...3%.222-.2%-1-5%%%4%4-%.--.40.-494-94-.%4.%.-84%8.84--.-7-%.--7%4444%7.--44-%-6%4..4.-4.---4%..555544%4455....4%%4%4%.4...%%-4433%%4%-%-%%%4%-.4---244.4-4.1%.31-...030%0.0%--%9.%%33%-8%-3.-.%3773.6.%%.-65%3-%%3.-4.33-%.3%2.%0% 1 Year Ago 02/26/2020-03/03/2020 03/25/2020-03/31/2020 $0 -$30,826 04/22/2020-04/28/2020 -$10,000 136.4% 05/20/2020-05/26/2020 -$20,000 -26.8% 06/17/2020-06/23/2020 -$30,000 07/15/2020-07/21/2020 -$40,000 -4.1% 08/12/2020-08/18/2020 -$50,000-6.0% -0.9% 09/09/2020-09/15/2020 -$60,000 1.2% 10/07/2020-10/13/2020 -$70,000 11/04/2020-11/10/2020 -$80,000 12/02/2020-12/08/2020 -$90,000 12/30/2020-01/05/2021 -$100,000 01/27/2021-02/02/2021 02/24/2021-03/02/2021 $ Price Reduction 03/24/2021-03/30/2021 04/21/2021-04/27/2021 % Reduction -7.3% -2.0% 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 -8.0% -7.0% -6.0% -5.0% -4.0% -3.0% $500,000 - $1,000,000

$1,000,000-$1,500,000 $1,000,000-$1,500,000 3.1% of homes in the 7 Metro Counties are between $1,000,000 - $1,500,000

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 November January- March April May June Early July Late July August September historically Pre-COVID-19 when the Listing February May June market was competitive by month. Month Target January February March April 438 474 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 322 335 362 399 475 474 473 442 390 325 Sellers late to the market in the Pending 58 68 87 101 104 88 84 66 70 75 55 45 summer months were more likely to Count spend longer on the market, make price reductions and sell at lower prices than Closed Count 40 44 69 79 92 107 92 85 63 73 58 70 spring sellers. Expired 40 31 29 33 30 39 35 45 41 54 49 80 Count Buyers were most likely to have $1,000,000-$1,500,000 20.6% 22.4% 27.6% 28.3% 28.4% 26.9% 25.0% 22.0% 20.2% 22.6% 20.1% 21.6% negotiating power in the mid summer- Odds of fall. Selling 96.1% 95.9% 96.7% 97.5% 97.3% 97.6% 97.5% 97.0% 96.9% 96.7% 97.3% 96.6% % of Close/List Avg DOM 109 123 94 83 66 62 67 66 64 73 76 88 Med DOM 78 97 52 30 27 21 24 36 40 45 44 65 % U/C 7 Days 21.7% 23.8% 29.4% 35.5% 32.9% 37.2% 27.9% 24.5% 21.2% 26.5% 26.6% 20.8% or Less 10.1 6.1 6.0 5.7 4.9 5.8 6.2 8.3 6.8 7.6 5.2 40.1% Months of 9.20 -8.7% 30.3% 26.2% 29.1% 24.4% 32.4% 34.0% 38.8% 37.7% 43.1% 42.4% Inventory -0.2% -8.1% -8.4% -7.6% -6.6% -6.7% -7.8% -7.6% -8.0% -8.3% -7.9% -1.1% 0.7% -0.7% 0.5% -0.2% 0.5% -0.6% 0.0% -0.2% 0.0% -1.6% % of Reduced 38.2% 0% 1.1% -0.8% 1.4% -0.4% 0.3% -1.0% 0.5% -1.0% 0.3% -2.2% Listings -7.2% 0.0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% Average 0.0% 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 $1,000,000-$1,500,000 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- $1,000,000 - $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 7 11 3.1 34.5% 55 29.4% January 01/01/2020- 31.0% 270 26 8 11 2 20 18 2.5 2020 27.4% 106 381 1.4 19.1 19 20.8% 5.9% 64.7% -$138,620 -10.4% 01/07/2020 37.2% 268 32 5 10 3 25 17 2.0 22.4% 135 522 1.9 20.9 79 53.6% 0.0% 79.2% -$124,400 -10.6% 01/08/2020- 40.0% 263 31 9 4 5 30 783 160 682 2.6 22.7 12 23.3% 3.6% 42.9% -$89,193 -7.1% 01/14/2020 40.7% 262 39 3 20 20 32.1% 0.0% 76.7% -$85,857 -6.6% 01/15/2020- 40.2% 256 46 10 9 979 16 31.8% 0.0% 67.9% -$78,583 -6.4% 01/21/2020 37.0% 250 32 4 4 15 29.6% 4.6% 63.6% -$98,586 -7.7% 01/22/2020- 48.7% 248 36 7 5 1,175 8 25.9% 0.0% 70.4% -$89,563 -7.1% 01/28/2020 47.5% 272 55 9 20 9 18.2% 3.7% 70.4% -$83,000 -6.6% 01/29/2020- 41.8% 282 55 8 10 4 35 9 1.7 1,370 19.1% 185 735 2.8 21.0 5 13.3% 4.6% 77.3% -$108,750 -8.0% 02/04/2020 47.4% 294 63 10 4 19 30.0% 0.0% 86.7% -$49,750 -4.4% 02/05/2020- 39.2% 326 65 12 5 6 36 17 1.6 1,409 18.2% 144 617 2.4 17.1 3 25.0% 0.0% 70.0% -$45,500 -3.6% 02/11/2020 32.2% 344 44 22 24 16 44.4% 0.0% 75.0% -$114,425 -9.5% February 02/12/2020- 32.7% 316 34 9 11 3 30 9 1.9 1,175 21.3% 180 545 2.2 18.2 17.5 19.1% 11.1% 44.4% -$92,363 -7.2% $1,000,000-$1,500,000 2020 02/18/2020 29.1% 398 38 13 6 23 35.3% 4.8% 76.2% -$96,000 -8.2% 02/19/2020- 29.8% 383 24 4 16 2 39 19 1.5 1,527 16.2% 208 630 2.5 16.2 31 21.1% 0.0% 64.7% -$85,725 -7.0% 02/25/2020 28.5% 367 21 12 4 40 41.2% 0.0% 78.9% -$87,250 -7.3% 02/26/2020- 28.9% 357 41 17 16 3 32 29 2.0 1,253 21.7% 107 867 2.7 22.9 9 20.0% 0.0% 58.8% -$78,729 -6.4% 03/03/2020 28.8% 415 73 16 8 10 31.6% 0.0% 80.0% -$131,892 -10.2% 03/04/2020- 32.4% 447 60 13 7 4 29 32 2.2 1,135 24.8% 95 732 2.8 27.5 17 28.6% 0.0% 68.4% -$94,073 -7.6% 03/10/2020 39.6% 455 60 13 7 14 35.4% 1.6% 69.8% -$91,472 -7.6% 03/11/2020- 35.0% 462 53 13 20 5 46 24 1.5 1,801 16.3% 145 797 2.7 17.3 12 26.0% 2.1% 62.5% -$90,656 -7.4% 03/17/2020 36.5% 473 74 16 8 9 22.0% 0.0% 74.0% -$75,892 -6.3% March 03/18/2020- 35.7% 491 63 14 4 14 27 24 2.8 1,057 30.8% 67 613 1.9 22.7 15 33.9% 0.0% 78.1% -$71,000 -6.2% 03/24/2020 46.6% 521 64 10 9 20 43.4% 0.0% 66.1% -$79,886 -6.3% 03/25/2020- 39.9% 512 40 13 26 26 17 23 4.7 666 51.7% 34 155 0.5 9.1 14 31.3% 5.7% 50.9% -$94,869 -7.8% 03/31/2020 46.4% 501 68 15 6 30 46.7% 0.0% 68.8% -$97,146 -7.6% 04/01/2020- 40.9% 490 43 10 10 29 18 29 4.0 705 44.8% 63 225 0.7 12.5 19 52.5% 0.0% 53.3% -$77,171 -6.2% 04/07/2020 40.3% 479 59 17 7 20 44.3% 0.0% 47.5% -$112,831 -9.2% 04/08/2020- 51.2% 483 52 16 12 17 21 21 4.4 822 48.4% 58 145 0.4 6.9 11 41.0% 1.4% 54.3% -$134,968 -11.3% 04/14/2020 42.1% 469 61 17 17 30 41.7% 1.6% 57.4% -$88,832 -7.1% April 04/15/2020- 49.1% 458 51 10 1 22 16 24 5.5 626 61.1% 61 9 0.0 0.6 9 28.8% 1.7% 56.7% -$183,000 -11.0% 04/21/2020 49.3% 447 51 9 12 24.5 36.7% 1.7% 69.5% -$65,800 -5.5% 04/22/2020- 50.3% 434 65 10 8 9 20 20 4.2 783 46.9% 88 15 0.0 0.8 26.5 41.4% 1.7% 61.7% -$92,010 -7.5% 04/28/2020 47.6% 424 64 13 24 19 30.8% 0.0% 58.6% -$83,258 -6.6% 04/29/2020- 50.7% 420 56 14 12 13 16 19 5.1 626 57.0% 33 208 0.6 13.0 14.5 36.7% 6.2% 63.1% -$75,850 -6.0% 05/05/2020 44.2% 410 46 12 5 12 30.8% 0.0% 63.3% -$92,806 -7.3% 05/06/2020- 52.2% 400 56 13 17 9 29 16 3.3 1,135 36.6% 57 535 1.3 18.4 8.5 33.8% 0.0% 69.2% -$70,906 -5.7% 05/12/2020 49.3% 395 75 14 11 17 41.4% 1.5% 64.6% -$102,833 -7.5% 05/13/2020- 49.1% 390 48 18 20 8 41 12 2.5 1,605 27.8% 111 615 1.4 15.0 18 37.3% 0.0% 58.6% -$92,975 -7.4% 05/19/2020 51.1% 387 69 10 15 26 41.0% 0.0% 62.7% -$78,855 -6.5% May 05/20/2020- 49.2% 384 49 11 8 8 58 15 1.8 2,271 20.0% 174 685 1.5 11.8 34.5 41.0% 4.9% 54.1% -$79,868 -6.4% 05/26/2020 55.7% 370 49 16 7 20.5 47.9% 4.9% 54.1% -$87,068 -6.8% 05/27/2020- 51.4% 356 49 12 6 7 44 17 2.4 1,723 26.8% 134 563 1.2 12.8 12 30.8% 4.2% 47.9% -$96,639 -7.9% 06/02/2020 53.0% 367 35 13 12 14 46.7% 0.0% 69.2% -$91,318 -7.3% 06/03/2020- 57.4% 354 35 17 6 10 50 24 2.2 1,958 24.2% 116 701 1.5 14.0 23 33.3% 2.2% 51.1% -$88,693 -7.5% 06/09/2020 54.1% 350 42 8 12 23 37.5% 0.0% 66.7% -$83,657 -6.7% 06/10/2020- 46.0% 341 23 8 22 7 41 26 2.8 1,605 30.6% 101 759 1.5 18.5 44 52.0% 7.5% 55.0% -$73,567 -5.7% 06/16/2020 36.6% 312 10 5 9 39 44.7% 4.0% 44.0% -$104,616 -8.1% June 06/17/2020- 52.2% 283 15 9 12 11 64 44 1.9 2,506 20.8% 188 963 1.8 15.0 25 34.4% 2.1% 53.2% -$82,040 -6.6% 06/23/2020 51.5% 251 14 9 14 43.5 57.7% 0.0% 65.6% -$79,994 -6.2% 06/24/2020- 47.9% 228 23 2 10 12 51 33 2.3 1,997 25.6% 196 687 1.3 13.5 35.5 33.3% 0.0% 42.3% -$71,737 -6.2% 06/30/2020 47.9% 194 10 7 0.0% 66.7% -$161,419 -13.2% 07/01/2020- 11 66 56 1.7 2,584 19.4% 176 834 1.7 12.6 07/07/2020 07/08/2020- 24 44 38 2.6 1,723 28.4% 163 507 1.0 11.5 07/14/2020 July 07/15/2020- 29 49 32 2.2 1,918 25.0% 133 981 2.0 20.0 07/21/2020 07/22/2020- 15 66 58 1.7 2,584 18.7% 217 798 1.7 12.1 07/28/2020 07/29/2020- 16 49 38 2.2 1,918 24.4% 130 936 2.0 19.1 08/04/2020 08/05/2020- 11 65 53 1.6 2,545 18.0% 240 1,029 2.2 15.8 08/11/2020 August 08/12/2020- 9 62 39 1.7 2,427 18.4% 231 1,018 2.3 16.4 08/18/2020 08/19/2020- 10 65 48 1.5 2,545 17.1% 197 1,017 2.3 15.6 08/25/2020 08/26/2020- 10 56 40 1.7 2,192 19.3% 161 872 2.1 15.6 09/01/2020 09/02/2020- 7 67 57 1.4 2,623 16.0% 221 1,001 2.4 14.9 09/08/2020 October September 09/09/2020- 8 48 36 2.0 1,879 21.8% 178 835 2.0 17.4 09/15/2020 09/16/2020- 15 54 52 1.7 2,114 18.9% 174 1,067 2.7 19.8 09/22/2020 09/23/2020- 13 65 40 1.4 2,545 15.5% 169 1,042 2.6 16.0 09/29/2020 09/30/2020- 9 56 41 1.6 2,192 17.8% 191 961 2.5 17.2 10/06/2020 10/07/2020- 6 61 53 1.5 2,388 16.2% 178 1,018 2.6 16.7 10/13/2020 10/14/2020- 7 61 39 1.4 2,388 16.1% 234 903 2.4 14.8 10/20/2020 10/21/2020- 14 62 55 1.4 2,427 15.2% 222 708 1.9 11.4 10/27/2020 10/28/2020- 15 45 49 1.8 1,762 20.2% 186 732 2.1 16.3 11/03/2020 11/04/2020- 13 40 70 2.1 1,566 23.4% 175 621 1.7 15.5 11/10/2020 December November 11/11/2020- 16 62 64 1.3 2,427 14.6% 279 661 1.9 10.7 11/17/2020 11/18/2020- 6 50 52 1.6 1,958 17.9% 225 575 1.6 11.5 11/24/2020 11/25/2020- 14 39 38 2.0 1,527 22.3% 268 454 1.3 11.6 12/01/2020 12/02/2020- 9 30 24 2.4 1,175 26.6% 403 372 1.2 12.4 12/08/2020 12/09/2020- 11 47 34 1.4 1,840 15.4% 455 600 2.1 12.8 12/15/2020 12/16/2020- 10 32 42 1.8 1,253 20.0% 305 383 1.5 12.0 12/22/2020 12/23/2020- 9 21 40 2.5 822 27.7% 167 313 1.4 14.9 12/29/2020 2 22 28 1.2 940 20.6% 308 201 1.0 9.1

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% 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% 6 16.4% 0.0% 77.8% -$102,125 -7.0% January 01/05/2022- 70.0% 139 46 6 4 9 58 31 0.6 822 6.4% 285 1,005 7.2 23.9 5 8.5% 5.5% 78.2% -$105,498 -7.5% 01/11/2022 71.2% 125 37 8 11 1 50 32 0.5 1,644 6.0% 4 6.4% 2.1% 89.4% -$123,250 -8.4% 01/12/2022- 68.4% 113 62 7 6 1 48 32 0.5 2,271 5.3% 287 1,185 8.5 20.4 4.5 8.6% 2.1% 91.5% -$108,000 -8.4% 01/18/20200 72.7% 126 58 5 3 1 61 44 0.5 1,958 5.3% 5 8.8% 1.7% 89.7% -$98,800 -7.2% 01/19/2022- 76.6% 128 54 6 4 7 62 52 0.4 1,879 4.8% 285 1,184 9.5 23.7 5 9.7% 3.5% 87.7% -$98,800 -7.2% 01/25/2022 78.2% 129 62 7 10 5 69 72 0.5 2,388 5.1% 4 6.0% 4.8% 85.5% -$59,102 -4.2% 01/26/2022- 76.9% 143 72 11 3 6 71 71 0.4 2,427 4.6% 179 1,267 11.2 26.4 4 9.7% 3.0% 91.0% -$84,775 -6.2% 02/01/2022 81.3% 132 92 8 7 4 74 65 0.5 2,701 5.3% 4 2.4% 2.8% 87.5% -$104,286 -7.3% February 02/02/2022- 75.6% 184 98 5 1 6 88 69 0.5 2,780 6.1% 252 1,310 10.4 21.5 4 9.9% 91.7% 6.0% -$95,200 -6.5% $1,000,000-$1,500,000 2022 02/08/2022 77.1% 184 69 4 9 2 77 71 0.6 2,897 6.2% 4 9.7% 2.8% 87.3% -$73,586 -5.3% 02/09/2022- 74.0% 185 77 8 4 7 76 120 0.5 3,445 5.4% 269 1,620 12.7 26.1 4 8.1% 1.4% 88.9% -$108,579 -8.1% 02/15/2022 81.4% 195 110 3 7 5 93 84 0.4 3,015 4.8% 4 13.2% 1.2% 90.7% -$58,876 -4.4% 02/16/2022- 78.0% 213 128 15 6 7 114 85 0.7 2,975 7.2% 261 1,141 8.8 16.5 5 15.4% 0.0% 86.8% -$105,264 -7.3% 02/22/2022 74.7% 207 83 14 6 73 3,641 6.2% 78.5% -$65,500 -5.1% 02/23/2022- 4,463 223 1,734 12.1 24.4 03/01/2022 2,858 03/02/2022- 194 1,638 12.4 22.1 03/08/2022 March 03/09/2022- 222 1,545 8.4 17.6 03/15/2022 03/16/2022- 272 1,542 8.4 20.0 03/22/2022 03/23/2022- 230 1,299 7.0 17.1 03/29/2022 03/30/2022- 214 1,534 7.9 16.5 04/05/2022 April 04/06/2022- 208 1,887 8.9 16.6 04/12/2022 04/13/2022- 192 766 3.7 10.5 04/19/20220 04/20/2022- 04/26/2022