Investor Presentaiton

MARKET CONDITIONS AVERAGE DAYS ON MARKET, 2021 ■12 largest cities ■Statewide (excluding 12 largest cities) Up to $150,000 $150,001 to $250,000 $250,001 to $350,000 $350,001 to $500,000 Over $500,000 82 58 90 65 96 72 87 96 121 115 • Rural residential homes spend more days on market, on average than urban area homes • Lower-mid-priced residential homes ($150,001 to $250,000) spend the least amount of time on market, even in rural markets Source: Multiple Listing Services of North Dakota (2022)

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