Opendoor Investor Presentation Deck

Well-honed market launch playbook with a track record of geographic expansion Scalable, centralized pricing leveraging mature market data to improve pricing in new markets Efficient investment given limited local team and fixed cost structure to launch new markets Metered acquisition pace to test model performance before expanding investments Centralized customer operations serving sellers and buyers end-to-end Total markets by year 6 2017 18 2018 21 2019 21 2020 44 2021 23

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