Investor Presentaiton

AVERAGE PRICE OF RESIDENTIAL HOMES SOLD SALES RATIO DATA AND MLS COMPARISON - FOR 12 LARGEST CITIES $198,266 $173,759 MLS 12 City Average --SRS 12 City Average $283,020 Trends for city sales $271,101 data are very similar between SRS and 2012 2013 2014 2015 Source: North Dakota Office of State Tax Commissioner (2022) and Multiple Listing Services of North Dakota (2022) 2016 2017 2018 2019 2020 2021 MLS. In 2021, the difference between datasets was 4% for the 12 largest cities.

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