Opendoor Investor Presentation Deck

Robust risk management framework Dynamic and responsive pricing using high-frequency detailed metrics Diversification and risk mitigation benefits with scale across markets, price levels and home types Centralized decision making across pricing ensures consistency, scalability and appropriate controls Human oversight augments algorithmic valuations for all final offers % of listings > 120 days-on-market 12% 2017 18% 2018 10% Typical MLS range (20%-30%) 1% 2019 2020 Superior inventory health and risk profile versus the market 8% 2021 Inventory sell-through Year 2019 2020 2021 OPEN vs. MLS* 2.8x 3.6x 3.9x *for sell-through of >120 days-on-market inventory Consistently faster sell-through on aged inventory versus the market Note: Days on market as measured from initial listing date Typical MLS range reflects the broader market filtered for our buybox, defined as the types of homes we are able to underwrite and acquire in a given market based on characteristics such as price range, home type, home location, year built and lot size Inventory sell-through rate is based on the average across each given year 34

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