Investor Presentaiton

MARKET CONDITIONS AVERAGE PRICE PER SQUARE FOOT, NEW AND EXISTING HOUSING, 2021 ■■ $0 to $90/sq ft ■$211 to $270/sq ft ■$91 to $150/sq ft ■■Over $270/sq ft ■$151 to $210/sq ft 12 largest cities 10% 38% 19% 13% 21% Statewide (excluding 12 largest cities) 43% 27% 10% 6% 13% In rural areas, 70% of homes were sold for $150/sq ft or less In the urban areas, only 48 % of homes were sold for $150/sq ft or less 53% housing sold for more than $150/sq ft in urban cities compared to only 29% in rural areas Source: Multiple Listing Service of North Dakota, 2022

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