Opendoor Investor Presentation Deck

Inventory management: we balance growth, margin, risk, and capital by optimizing inflows and outflows Acquisition pricing Demand and supply indicators Market visit appointments New listings pace Active comparables ● ● Market liquidity ● ● Seller conversion Market clearance rates Home price seasonality Portfolio allocation ● Market concentration ● Operational capacity ● Capital and liquidity Portfolio optimization Home-specific visits Visits vs. market Time spent in home Offers per visit ● Resale pricing Home-level pricing ● Our delivery platform Initial list price vs. market Price drops vs. market Quality and condition adjustments Structured visit feedback Curb appeal Home condition Cleanliness 17

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