Opendoor Market Leadership and Valuation

Home sellers are choosing Opendoor High intent customers High conversion 80% Browsing for a quote 34% 2019 real seller conversion 20% 90% Real seller conversion vs. fees 40% 46% 44% -38% - 35% 31% 30% And at 6% fees conversion is 44%+ 26% 25% 24% 23% Even at 10% fees conversion is 23% Real sellers Sell direct to us without agents >10% 9.5% 8.5% 7.5% 6.5% <6.0% Note: Based on Company data for 2019. Real seller defined as unique lead who either accepts Opendoor offer or lists home on MLS within 60 days of receiving an offer 14

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