Opendoor Market Leadership and Valuation

The largest, undisrupted market in the U.S. Massive market 68% of Americans are homeowners 5 million homes sold annually $1.0T/yr $841B/yr Used autos Note: Food Fragmented incumbents 2 million realtors 28% of realtors have another occupation. $1.6T/yr 66% 0-15 annual transactions 31% 15-50 annual transactions Real estate Data sourced from public company filings, U.S. Bureau of Labor Statistics, U.S. Census Bureau and National Association of Realtors 4% 50+ annual transactions 9

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