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

Market Area (City, State): Portland Metropolitan Area MARKET AREA UPDATE Year: 2018 Report as of: 1Q 2Q 3Q 4Q Provided by (Company / Companies): BHHSNW Real Estate, Archibald Relocation, Coldwell Banker Bain, Hasson, Windermere Relocation Provided by RDC Member(s): Susie McGill What are the most significant trends in your current real estate market? (Attach addenda, charts, graphs, etc. as appropriate) *See attached MLS market trends report 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 $ 504,601 $ 349,326 **Sales Price (same time prior year) Choose one: Average Median $ 440,600 $ 323,000 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 = 4500 Closed sales in the past 3 months = 4000 RIGHT: 4,000/3 (months)=1,333 (sales per month) 4,500/1,333=3.37 months of inventory WRONG: 4,500/4,000=1 month of inventory # 38 Increase Decreasing Stable # 1.47 # 1.76 Absorption Months of Inventory (same time prior year) # 1.6 # 1.3 Active Listings # 3109 # 722 Closed ( total last 3 months) # 6335 # 1228 Expired Listings ( total last 3 months if available) # n/a # n/a Change in Home Values REAL ESTATE MARKET DATA % 1.02 Increase in past 3 months Stable Decreasing in past 3 months Sold LP/SP Ratio (last 3 months) % 100.46 % 99.58 Condominiums / Townhomes (attached) # 43 Increase Decreasing Stable %.96 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: % % 3.5 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.) *economic conditions are strong 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 $1800 and up Condo/Townhome Availability: (2+Bedrooms) Shortage Oversupply Balanced Average Rent $1400 and up Apartment Availability: (2+Bedrooms) Shortage Oversupply Balanced Average Rent $1400 and up

A Publication of RMLS, The Source for Real Estate Statistics in Your Community Residential Review: Metro Portland, Oregon June 2018 Reporting Period June Residential Highlights The Portland metro area saw some cooler activity this June, but closed sales saw a gain over last month. At 2,946, closed sales slipped 7.6% below the 3,187 closings recorded last year in June 2017, but outpaced May 2018 (2,803) by 5.1%. Even so, June closings were last lower in 2014, when 2,617 were recorded for the month. New listings, at 4,515, ended 4.7% cooler than in June 2017 (4,739) and 3.2% cooler than last month in May 2018 (4,665). Pending sales fared similarly. There were 3,059 offers accepted, falling 6.0% below the 3,254 offers accepted last year in June 2017 and 4.4% below the 3,201 offers accepted last month in May 2018. Inventory rose to 2.1 months in June, with total market time holding steady at 37 days. Year to Date Summary Activity so far in 2018 is a little mixed compared to 2017. New listings (22,079) are up 2.7%. Pending sales (16,297) are down 1.7% and closed sales (14,546) are down 2.2%. Average and Median Sale Prices Comparing 2018 to 2017 through June of each year, the average sale price rose 6.2% from $427,000 to $453,400. In the same comparison, the median sale price rose 6.7% from $375,000 to $400,000. Inventory in Months* 2016 2017 2018 January 1.8 1.7 2.2 February 1.8 1.9 1.9 March 1.3 1.3 1.6 April 1.4 1.7 1.8 May 1.4 1.5 1.9 June 1.5 1.6 2.1 July 1.9 2.1 August 1.9 2.0 September 2.0 2.3 October 2.0 2.1 November 1.8 1.9 December 1.3 1.6 *Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This includes proposed and under construction homes. Percent Change of 12-Month Sale Price Compared With The Previous 12 Months % Change: +7.1% ($442,000 v. $412,800) Median Sale Price % Change: +7.9% ($391,000 v. $362,500) For further explanation of this measure, see the second footnote on page 2. Portland Metro Residential Highlights New Listings Pending Sales Closed Sales Average Sale Price Median Sale Price Total Market Time June 4,515 3,059 2,946 472,400 417,900 37 2018 May 4,665 3,201 2,803 460,700 409,000 37 Year-to-date 22,079 16,297 14,546 453,400 400,000 48 2017 Change June 4,739 3,254 3,187 440,600 390,000 38 Year-to-date 21,505 16,572 14,866 427,000 375,000 48 June -4.7% -6.0% -7.6% 7.2% 7.2% -4.6% Prev Mo 2018-3.2% -4.4% 5.1% 2.5% 2.2% 0.0% Year-to-date 2.7% -1.7% -2.2% 6.2% 6.7% -0.1% Copyright RMLS 2018. All Rights Reserved.

AREA REPORT 6/2018 Portland Metropolitan Area, Oregon Current Month RESIDENTIAL COMMERCIAL LAND MULTIFAMILY Year-To-Date Year-To-Date Year-To-Date Year-To-Date Active Listings New Listings Expired.Canceled Listings Pending Sales Pending Sales 2018 v. 2017 1 156 155 153 152 151 150 149 148 147 146 145 144 143 142 141 Total Market Time 3 New Listings Pending Sales Pending Sales 2018 v. 2017 1 Median Sale Price Avg. Sale Price % Change 2 N Portland 237 177 35 120-11.1% 123 430,100 32 917 675-4.4% 626 426,600 405,000 6.7% 8 702,700 17 284,500 17 936,000 NE Portland 528 418 93 255-12.1% 283 490,000 33 1,999 1,409-1.1% 1,300 482,000 426,500 7.0% 17 533,100 30 469,100 58 644,200 SE Portland 677 556 105 355-9.7% 299 443,600 27 2,574 1,891-4.0% 1,714 417,400 373,300 6.7% 14 722,000 46 270,800 69 651,600 Gresham/ Troutdale 376 282 36 196-8.0% 177 357,900 29 1,368 1,065 4.8% 953 350,900 339,900 10.4% 7 588,800 39 243,100 28 397,400 Milwaukie/ Clackamas 519 377 67 267 4.7% 210 434,100 33 1,819 1,349 1.4% 1,199 425,800 405,000 6.6% 9 478,100 46 261,300 11 426,900 Oregon City/ Canby 310 245 32 182-1.6% 168 434,100 42 1,213 928 5.5% 797 416,200 393,900 7.1% 5 336,600 41 370,800 12 485,900 Lake Oswego/ West Linn 464 274 68 162-8.0% 178 685,700 52 1,395 926 6.8% 834 664,400 583,000 8.8% 1 615,000 14 462,400 6 749,600 W Portland 980 546 142 308-4.6% 318 635,600 57 2,611 1,566-9.6% 1,402 610,000 519,700 1.7% 5 554,000 23 152,300 16 858,100 NW Wash Co. 269 219 28 155-4.3% 135 572,200 36 1,111 895 6.4% 784 549,100 529,700 5.2% - - 17 358,400 2 690,000 Beaverton/ Aloha 351 410 40 281 3.7% 295 400,100 20 1,861 1,493 3.2% 1,311 388,100 379,900 8.8% 5 224,400 6 223,300 9 841,800 Tigard/ Wilsonville 480 388 52 305-8.7% 303 481,500 33 2,036 1,596-3.9% 1,387 465,400 435,000 9.1% 1 620,000 18 520,400 8 490,100 Hillsboro/ Forest Grove 268 270 39 215-3.2% 204 409,900 22 1,370 1,111-11.0% 970 396,500 370,000 9.1% 15 322,300 37 257,800 20 407,900 Mt. Hood 71 33 6 14-22.2% 19 324,100 58 146 96 10.3% 91 325,800 320,000 6.2% - - 22 138,900 1 536,500 Columbia Co. 178 97 15 82-15.5% 86 310,300 69 603 479 4.6% 450 304,700 298,300 11.7% 5 197,000 40 219,600 5 246,700 Yamhill Co. 346 223 24 162-10.0% 148 393,800 53 1,056 818-9.4% 728 362,300 325,000 10.7% 7 294,100 48 299,600 14 283,100 1 Percent change in number of pending sales this year compared to last year. The Current Month section compares June 2018 with June 2017. The Year-To- Date section compares 2018 year-to-date statistics through June with 2017 year-to-date statistics through June. 2 % Change is based on a comparison of the rolling average sale price for the last 12 months (7/1/17-6/30/18) with 12 months before (7/1/16-6/30/17). 3 Total Market Time is the number of days from when a property is listed to when an offer is accepted on that same property. If a property is re-listed within 31 days, Total Market Time continues to accrue; however, it does not include the time that it was off the market. 2

8,500 7,500 6,500 5,500 4,500 3,500 Active Residential Listings 2,500 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2016 3,305 3,226 3,318 3,721 4,003 4,762 5,360 5,645 5,614 5,169 4,354 3,511 2017 3,214 3,109 3,313 3,753 4,325 5,211 5,785 5,940 5,998 5,415 4,596 3,771 2018 3,518 3,441 3,844 4,469 5,380 6,054 ACTIVE RESIDENTIAL LISTINGS active residential listings over the past three calendar years in the greater Portland, Oregon metropolitan area. TOTAL ACTIVE LISTINGS total active listings over the past three calendar years in the greater Portland, Oregon metropolitan area. 11,000 10,000 9,000 8,000 7,000 6,000 5,000 Total Active Listings 4,000 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC 2016 4,743 4,674 4,754 5,140 5,438 6,279 6,917 7,220 7,132 6,647 5,767 4,731 2017 4,386 4,315 4,553 5,006 5,656 6,626 7,239 7,400 7,430 6,855 6,026 5,022 2018 4,774 4,746 5,163 5,827 6,783 7,516 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 New Listings NEW LISTINGS new residential listings over the past three calendar years in the greater Portland, Oregon metropolitan area. 2016 2017 2018 3

4,000 3,500 3,000 2,500 2,000 1,500 1,000 Pending Sales PENDING LISTINGS This graph represents monthly accepted offers in the Portland, Oregon metropolitan area over the past three calendar years. 2016 2017 2018 CLOSED SALES closed sales over the past five calendar years in the greater Portland, Oregon metropolitan area. 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2014 2015 2016 2017 2018 80 70 60 50 40 30 20 Average Total Market Time DAYS ON MARKET average market time for sales in the Portland, Oregon metropolitan area over the past three calendar years. 2016 TMT 2017 TMT 2018 TMT 4

SALE PRICE This graph represents the average and median sale price for all homes sold in the Portland, Oregon metropolitan area. $525,000 Average and Median Sale Price $475,000 $425,000 $375,000 $325,000 $275,000 $225,000 $175,000 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sep-17 Dec-17 Mar-18 Jun-18 Median Sale Price $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 Median Sale Price: Portland, OR & Clark Co., WA JUN JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN Clark County Metro Portland, OR MEDIAN SALE PRICE median sale price over the past 12 months in the greater Portland, Oregon, metropolitan area and Clark County. 5

MEDIAN SALE PRICE June 2018 SW WASHINGTON $392,500 Woodland $490,000 N/NE Clark County PORTLAND METRO $ 380,000 Hillsboro Forest Grove $ 356,900 Yamhill County $ 558,300 North Washington County Sauvie Island $ 291,500 Columbia County $ 385,000 Beaverton Aloha $ 450,000 Tigard/Tualatin Sherwood Wilsonville $ 405,000 N Portland $422,400 Ridgefield/La Center $ 544,800 West Portland $ 603,400 $418,900 Salmon Creek $345,000 Felida $304,800 Cent. Vancouver Lake Oswego West Linn $ 432,700 NE Portland $ 407,000 SE Portland $339,900 Hazel Dell Minnehaha $290,000 Heights $ 417,500 Milwaukie/Gladstone/ Boring/Clackamas Estacada $ 419,500 Oregon City Canby Molalla Beavercreek $375,000 Battle Ground $302,500 5 Corners Orch. $333,800 Cascade Park $399,900 Brush Prairie Hockinson $450,000 Camas/Washougal $ 346,000 Gresham Troutdale Sandy Corbett Fairview $ 327,500 Mt. Hood: Zigzag Welches Rhododendron Wemme Brightwood Government Camp 6

MULTIPLE LISTING SERVICE Contact RMLS 8338 NE Alderwood Rd Suite 230 Portland, OR 97220 (503) 236-7657 communications@rmls.com The statistics presented in Market Action are compiled monthly based on figures generated by RMLS. ACTIVE & CLOSED CONDOS 900 800 700 600 500 400 300 200 100 0 number of active and closed condos in the Portland, Oregon, metropolitan area. Active & Closed Condos Active Listings Market Action Reports are compiled for the following areas: Portland metropolitan area, Southwest Washington, Mid-Columbia, Columbia Basin, Baker County, Coos County, Curry County, Douglas County, Grant County, Josephine County, Lane County, North Coastal Counties, Polk & Marion Counties, Union County, and Wallowa County. RMLS was formed by area Boards and Associations of REALTORS in 1991. E-mail subscriptions are available for $45 per year by contacting RMLS. Reproduction of any portion of this copyrighted material is prohibited without prior approval of RMLS. MEDIAN SALE PRICE CONDOS $300,000 $275,000 $250,000 $225,000 $200,000 $175,000 $150,000 $125,000 This graph represents the median sale price for all condos sold in the last three calendar years in the Portland, Oregon metropolitan area. Median Condo Sale Price 2016 2017 2018 Lori Palermo, Chairwoman of the Board Kurt von Wasmuth, President/CEO Tyler Chaudhary, Editor