MARKET AREA UPDATE Year: 2018 Report as of: 1Q 2Q 3Q 4Q

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1 MARKET AREA UPDATE Year: 2 Report as of: 1Q 2Q 3Q 4Q Market Area (City, State): Dallas-Fort Worth & N. Texas Metropolitan Area Provided by (Company / Companies): Coldwell Banker Residential Brokerage, DFW, Ebby Halliday Real Estate, Inc., Better Homes and Gardens Real Estate Winans, Allie Beth Allman and Associates, Century 21 Mike Bowman, Inc., Virginia Cook, Realtors Provided by RDC Member(s): Mona Stevens, Tina Swenson, Dana Winans, Cathy Ashlock, Maggie Hall What are the most significant trends in your current real estate market? (Attach addenda, charts, graphs, etc. as appropriate) *Market Action Reports included Define Market Area: Urban (city limit area only) Metro Area (as defined by MSA) Other: Please explain: * Single Family (detached) **Sales Price (current) Choose one: Average Median $ 356,74 $ 28,736 **Sales Price (same time prior year) Choose one: Average Median $ 333,95 $ 276,651 Average Days on Market list to contract (current) Absorption Months of Inventory (last 3 months) Number of active listings divided by the average # of sales per month (for the last 3 months) = # of months needed to sell existing inventory Example: Active Listings = 45 Closed sales in the past 3 months = RIGHT: 4,/3 (months)=1,333 (sales per month) 4,5/1,333=3.37 months of inventory WRONG: 4,5/4,=1 month of inventory # 33 Increase Decreasing Stable # 2.45 # 2.62 Absorption Months of Inventory (same time prior year) # 1.78 # 1.85 Active Listings # 2,423 # Closed ( total last 3 months) # 25,14 # 1,998 Expired Listings ( total last 3 months if available) # n/a # n/a Change in Home Values REAL ESTATE MARKET DATA 3.7 % Increase in past 3 months Stable Decreasing in past 3 months Sold LP/SP Ratio (last 3 months) 98.% 97.8% Condominiums / Townhomes (attached) # 39 Increase Decreasing Stable -1.% Increase in past 3 months Stable Decreasing in past 3 months **Average = the result by adding all sales prices and dividing by the number of units sold Median = denoting the middle of the range of values GENERAL ECONOMY How would you rate the overall economic conditions in area as defined above: Mixed Stable Healthy Shrinking Depressed Supply of Listings: (Single family) Shortage Oversupply Balanced ~ (Condo/Town home) Shortage Oversupply Balanced Overall Market Conditions: Active Stable Sluggish Flat Depressed Unemployment Rate: % % 4. Average Please check trend: Increasing Decreasing Same Please describe local economic conditions/climate: (draw upon newspaper articles concerning the coming and going of corporations, layoffs, etc.) *The Texas economy continues to advance with increased activity in the energy and manufacturing industries. Growth in the business-cycle indexes remains strong, supported by solid job growth and low unemployment. RENTAL INFORMATION Is There a Charge for Rental Assistance: Yes No Outsourced Is Home/Condo Rental Information Available in Your MLS: Yes No Single Family Housing Availability: (3+Bedrooms) Shortage Oversupply Balanced Average Rent 1,8 Condo/Townhome Availability: (2+Bedrooms) Shortage Oversupply Balanced Average Rent 2, Apartment Availability: (2+Bedrooms) Shortage Oversupply Balanced Average Rent 1,

2 Rockwall and Tarrant Price Range: All Properties: Condo - Twn Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year Median List Price of all Current Listings Average List Price of all Current Listings une Median Sales Price une Average Sales Price Total Properties Currently for Sale (Inventory) une Number of Properties Sold une Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) une Sold Price per Square Foot une Month's Supply of Inventory une Sale Price vs List Price Ratio $337,9 $426,766 $226,5 $28, $9 $ % $235, $279,526 3,52 44 $191 $ % * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2) / YTD = Year-to-date Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat) Property Sales une Property sales were, up 2.9% from 652 in une of 2 and 6.% lower than the 714 sales last month. une 2 sales were at their highest level compared to une of 2 and 2. une YTD sales of 3,52 are running.1% behind last year's year-to-date sales of 3,523. Prices The Median Sales Price in une was $226,5, up 3.% from $22, in une of 2 and down 9.4% from $249,95 last 29 month. The Average Sales Price in une was $28,736, up 1.5% from $276,651 in une of 2 and down 2.9% from $289,77 27 last month. une 2 ASP was at the highest level compared to 25 une of 2 and Number of Properties Sold Median Sales Price and Average Sales Price Inventory & MSI The Total Inventory of Properties available for sale as of une was, up.% from 1,5 last month and up 42.9% from 1,22 in une of last year. une 2 Inventory was at its highest level compared with une of 2 and 2. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The une 2 MSI of 2.6 months was at its highest level compared with une of 2 and 2. 2, 1,5 1, 5 1,33 1,11 1,23 1,22 Total Inventory & Month's Supply of Inventory (MSI) ,2 1,94 1,2 1,228 1,226 1,7 1,49 1,86 1,1 1, 1,95 1,131 1,22 1,286 1,329 1,384 1,345 1,31 1,138 1,22 1,254 1,32 1,49 1, Copyright Coldwell Banker Residential Brokerage Price Range: All Property Types: Condo - Twn

3 Rockwall and Tarrant Price Range: All Properties: Condo - Twn Market Time The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for une was 39, down 9.3% from 43 days last month and up 11.4% from 35 days in une of last year. The une 2 DOM was at a mid level compared with une of 2 and 2. The is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The une 2 of $ was down 1.1% from $1 last month and up 4.% from 3 in une of last year. Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 1% the more of a Buyer's market exists, a ratio at or above 1% indicates more of a Seller's market. The une 2 Selling Price vs Original List Price of 97.6% was down from 98.% last month and down from 99.2% in une of last year. This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in une 2 was 1,8, up 9.8% from 9 last month and up 2.6% from 836 in une of last year. Copyright Coldwell Banker Residential Brokerage Price Range: All Property Types: Condo - Twn Days On Market for Sold Properties Selling Price versus Listing Price Ratio % 2, 1,8 1,6 1, 1, 1, Avg Selling Price divided by Avg Listing Price for sold properties during the month 99.2% 98.7% 1,33 1,11 1,23 1, ,2 1,94 1,2 1,228 1,226 1,7 1,49 1,86 1,1 1, 1,95 1,131 1,22 1,286 1,329 1,384 1,345 1,31 1,138 1,22 1,254 1,32 1,49 1, %

4 Inventory / Listings / Sales une 2 Rockwall and Tarrant Price Range: All Properties: Condo - Twn This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in une 2 was 1,8, up 9.8% from 9 last month and up 2.6% from 836 in une of last year. 2, Inventory New Listings Sales 1, ,33 7 1, , , , , ,2 75 1, , , , , ,1 83 1, 758 1, , ,22 8 1, , , , , , , , , ,49 9 1,5 1,8 1,6 1, 1, 1, 8 6 A S O N D F M A M A S O N D F M A M A S O N D F M A M Copyright Coldwell Banker Residential Brokerage Price Range: All Property Types: Condo - Twn

5 ohnson, Parker, Rockwall and Tarrant Price Range: All Properties: S Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year Median List Price of all Current Listings Average List Price of all Current Listings une Median Sales Price une Average Sales Price Total Properties Currently for Sale (Inventory) une Number of Properties Sold une Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) une Sold Price per Square Foot une Month's Supply of Inventory une Sale Price vs List Price Ratio $374, $52,648 $288, $356,74 2,423 8,6 33 $144 $ % $273, $333,13 42,983 4 $144 $ % * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2) / YTD = Year-to-date Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat) Property Sales une Property sales were 8,6, down 7.% from 9,268 in une of 2 and 2.3% lower than the 8,821 sales last month. une 2 sales were at their lowest level compared to une of 2 and 2. une YTD sales of 42,983 are running.% behind last year's year-to-date sales of 42,999. Prices The Median Sales Price in une was $288,, up 6.7% from $27, in une of 2 and up 2.9% from $28, last month. The Average Sales Price in une was $356,74, up 6.6% from $333,95 in une of 2 and up 3.4% from $344,253 last month. une 2 ASP was at the highest level compared to une of 2 and 2. 1, 9, 8, 7, 6, 5, 4, 3, 2, 1, Number of Properties Sold 8,772 8,331 7,3 6,523 5,341 7,2 4,594 5,562 7,26 7,419 8,4 8,76 8,62 8,694 7,658 6,769 6,468 6,86 4,648 5,529 7,58 7,321 8,725 9,268 8,385 8,834 7,379 7,5 6,792 7,254 4,861 5,741 7,367 7,578 8,821 8,6 Median Sales Price and Average Sales Price Inventory & MSI The Total Inventory of Properties available for sale as of une was 2,423, up.5% from,388 last month and up 36.1% from,8 in une of last year. une 2 Inventory was at its highest level compared with une of 2 and 2. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The une 2 MSI of 2.4 months was at its highest level compared with une of 2 and 2. 25, 2,, 1, 5, Total Inventory & Month's Supply of Inventory (MSI) 13,66 13,377 12,95 11,995 1,58 1,469 1,672 11,75 11,648 11,688 12,79 13,197 13,146 12,791 11,898 1,52 1,584 1,763 11,945 12,41 13,413,8,647,76,599,7 13,836 12,3 11,996 12,398 13,74,224,388 2, Copyright Coldwell Banker Residential Brokerage Price Range: All Property Types: S

6 ohnson, Parker, Rockwall and Tarrant Price Range: All Properties: S Market Time The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for une was 33, down 5.7% from 35 days last month and up 6.5% from 31 days in une of last year. The une 2 DOM was at a mid level compared with une of 2 and 2. The is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The une 2 of $139 was up 1.3% from $137 last month and up 5.9% from 131 in une of last year. Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 1% the more of a Buyer's market exists, a ratio at or above 1% indicates more of a Seller's market. The une 2 Selling Price vs Original List Price of 97.8% was down from 98.2% last month and down from 98.6% in une of last year. This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in une 2 was 12,6, up 1.6% from 12,42 last month and up 8.8% from 11,6 in une of last year % 25, 2,, 1, 5, Days On Market for Sold Properties Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month 98.7% 98.6% 13,66 13,377 12,95 11,995 1,58 1,469 1,672 11,75 11,648 11,688 12,79 13,197 13,146 12,791 11,898 1,52 1,584 1,763 11,945 12,41 13,413,8,647,76,599,7 13,836 12,3 11,996 12,398 13,74,224,388 2, % Copyright Coldwell Banker Residential Brokerage Price Range: All Property Types: S

7 Inventory / Listings / Sales une 2 ohnson, Parker, Rockwall and Tarrant Price Range: All Properties: S This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in une 2 was 12,6, up 1.6% from 12,42 last month and up 8.8% from 11,6 in une of last year. 25, Inventory New Listings Sales 2, 8,772 8,331 7,3 6,523 5,341 7,2 4,594 5,562 7,26 7,419 8,4 8,76 8,62 8,694 7,658 6,769 6,468 6,86 4,648 5,529 7,58 7,321 8,725 9,268 8,385 8,834 7,379 7,5 6,792 7,254 4,861 5,741 7,367 7,578 8,821 8,6 11,145 9,2 13,66 7,991 13,377 7,66 12,95 6,111 11,995 4,832 1,58 7,142 1,469 7,942 1,672 9,39211,75 9,61 11,648 9,661 11,688 1,482 12,79 1,263 9,7 13,197 8, 13,146 7,79 12,791 6,459 11,898 4,866 1,52 7,349 1,584 7,873 1,763 1,67 11,945 9,79 12,41 11,35 13,413 11,6,8 1,667,647 9,845,76 8,693,599 8,27,7 6,75 13,836 5,2 12,3 7,787 11,996 7,993 12,398 1,758 13,74 11,528,224 12,42,388 12,6 2,423, 1, 5, A S O N D F M A M A S O N D F M A M A S O N D F M A M Copyright Coldwell Banker Residential Brokerage Price Range: All Property Types: S