Investor Presentaiton

MARKET CONDITIONS AVERAGE AGE AT LISTING, 2021 ■12 largest cities ■Statewide (excluding 12 largest cities) Up to $150,000 ~N 49 $150,001 to $250,000 46 28 $250,001 to $350,000 27 16 $350,001 to $500,000 17 14 15 Over $500,000 61 72 The lower the housing price, the higher the average age of homes sold. More pronounced in rural areas. Housing under $150,000 on average 10 years older in rural ND Source: Multiple Listing Service of North Dakota, 2022

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