Monthly Indicators % % % - PDF Free Download

Monthly Indicators 2018 Percent changes calculated using year-over-year comparisons. New Listings were down 12.9 percent for single family homes and 21.3 percent for townhouse-condo properties. Pending Sales landed at 421 for single family homes and 100 for townhouse-condo properties. The Median Sales Price was up 8.0 percent to $390,000 for single family homes but decreased 1.6 percent to $290,151 for townhouse-condo properties. Days on Market decreased 10.7 percent for single family homes and 44.6 percent for townhouse-condo properties. Tracking reputable news sources for housing market predictions makes good sense, as does observing trends based on meaningful statistics. By the numbers, we continue to see pockets of unprecedented price heights combined with low days on market and an economic backdrop conducive to consistent demand. We were reminded by Hurricane Florence of how quickly a situation can change. Rather than dwelling on predictions of a somber future, it is worth the effort to manage the fundamentals that will lead to an ongoing display of healthy balance. Activity Snapshot - 17.8% + 11.0% - 18.8% One- Change in Sold Listings All Properties One- Change in Median Sales Price All Properties One- Change in Days on Market All Properties Residential real estate activity in Larimer County comprised of singlefamily properties, townhomes and condominiums. Percent changes are calculated using rounded figures. Market Overview Market Overview New Listings Pending / Under Contract Sold Listings Median Sales Price Average Sales Price Percent of List Price Received Days on Market Until Sale Housing Affordability Index Inventory of Active Listings Months Supply of Inventory Total Market Overview Sold Listings and Inventory by Price Range Glossary of Terms 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime.

Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 9-2017 9-2018 YTD-2017 YTD-2018 New Listings 573 499-12.9% 6,065 5,609-7.5% Pending / Under Contract 463 421-9.1% 4,659 4,262-8.5% Sold Listings 504 443-12.1% 4,463 4,143-7.2% Median Sales Price $361,250 $390,000 + 8.0% $370,000 $405,000 + 9.5% Average Sales Price $417,868 $432,417 + 3.5% $416,645 $452,108 + 8.5% Pct. of List Price Received 99.2% 99.3% + 0.1% 99.7% 99.7% 0.0% Days on Market 75 67-10.7% 75 69-8.0% Affordability Index 101 84-16.8% 98 81-17.3% Active Listings 1,191 1,067-10.4% -- -- -- Months Supply 2.5 2.3-8.0% -- -- -- Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 2

Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 9-2017 9-2018 YTD-2017 YTD-2018 New Listings 136 107-21.3% 1,270 1,307 + 2.9% Pending / Under Contract 118 100-15.3% 1,103 1,072-2.8% Sold Listings 126 75-40.5% 1,027 1,058 + 3.0% Median Sales Price $295,000 $290,151-1.6% $271,500 $295,000 + 8.7% Average Sales Price $305,041 $302,522-0.8% $287,226 $307,047 + 6.9% Pct. of List Price Received 100.3% 99.1% - 1.2% 100.4% 99.9% - 0.5% Days on Market 101 56-44.6% 78 90 + 15.4% Affordability Index 123 113-8.1% 134 111-17.2% Active Listings 223 256 + 14.8% -- -- -- Months Supply 2.0 2.3 + 15.0% -- -- -- Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 3

New Listings to Date New Listings Single Family Townhouse- Oct-2017 491-3.7% 115 +19.8% 554 573 499 5,486 6,065 5,609 Nov-2017 361-1.6% 93 +32.9% Dec-2017 231-18.9% 60-28.6% Jan-2018 401-4.5% 119 +17.8% Feb-2018 443-19.6% 98-8.4% Mar-2018 633-15.0% 161-12.5% Apr-2018 718 +5.4% 164 +23.3% May-2018 815 +1.6% 176 +4.1% 134 136 107 1,131 1,270 1,307 Jun-2018 752-10.2% 175 +10.8% Jul-2018 663-10.2% 139 +13.9% Aug-2018 685-4.6% 168 +5.0% Sep-2018 499-12.9% 107-21.3% Sep-16 Sep-17 Sep-18-9.8% + 3.4% - 12.9% Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 + 17.5% + 1.5% - 21.3% -4.9% + 10.6% -7.5% Sep-16 Sep-17 Sep-18 + 0.3% + 12.3% + 2.9% Historical New Listings by Month 1,000 800 600 400 200 0 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 4

Pending / Under Contract to Date 466 463 4,659 4,490 421 4,262 104 118 100 1,011 1,103 1,072 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 + 7.1% - 0.6% - 9.1% + 3.0% + 13.5% - 15.3% -1.1% + 3.8% -8.5% -3.1% + 9.1% -2.8% Pending / Under Contract Single Family Townhouse- Oct-2017 428-0.2% 98-9.3% Nov-2017 376 +11.9% 82 +22.4% Dec-2017 301 +7.9% 78 +27.9% Jan-2018 353-6.4% 94-11.3% Feb-2018 360-20.5% 96-17.9% Mar-2018 514-15.3% 145 +3.6% Apr-2018 549-7.7% 137 +10.5% May-2018 564-0.4% 124-19.5% Jun-2018 541 +1.9% 131 +15.9% Jul-2018 494-11.6% 135 +22.7% Aug-2018 466-8.3% 110-9.1% Sep-2018 421-9.1% 100-15.3% Historical Pending / Under Contract by Month 700 600 500 400 300 200 100 0 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 5

Sold Listings to Date 4,463 504 485 4,198 4,143 443 129 126 946 1,027 1,058 75 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18-8.8% + 3.9% - 12.1% + 6.6% -2.3% - 40.5% -3.0% + 6.3% - 7.2% -7.7% + 8.6% + 3.0% Sold Listings Single Family Townhouse- Oct-2017 500 +11.4% 105-14.6% Nov-2017 446 +9.3% 114 +40.7% Dec-2017 419 +0.7% 88 +4.8% Jan-2018 309 +11.6% 72 +16.1% Feb-2018 282-1.1% 86 +3.6% Mar-2018 411-13.3% 87-26.9% Apr-2018 440-13.4% 127 +17.6% May-2018 560-8.9% 174 +10.1% Jun-2018 620-1.1% 155 +12.3% Jul-2018 545-4.4% 132 +10.9% Aug-2018 533-11.6% 150 +31.6% Sep-2018 443-12.1% 75-40.5% Historical Sold Listings by Month 700 600 500 400 300 200 100 0 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 6

Median Sales Price to Date $390,000 $405,000 $355,000 $361,250 $351,000 $370,000 $295,000 $290,151 $295,000 $255,000 $250,000 $271,500 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 + 12.4% + 1.8% + 8.0% + 12.1% + 15.7% -1.6% + 9.7% + 5.4% + 9.5% + 12.6% + 8.6% + 8.7% Median Sales Price Single Family Townhouse- Oct-2017 $384,900 +8.4% $282,000 +9.7% Nov-2017 $380,000 +8.6% $279,950 +9.8% Dec-2017 $380,000 +4.1% $285,000 +4.6% Jan-2018 $388,000 +8.4% $273,500 +0.7% Feb-2018 $403,000 +7.5% $295,000 +12.9% Mar-2018 +8.7% $272,500-1.1% Apr-2018 $400,390 +11.2% $292,500 +6.9% May-2018 $414,900 +8.6% $312,187 +18.4% Jun-2018 $410,000 +6.7% $295,000 +7.3% Jul-2018 $405,000 +8.9% $298,000 +10.4% Aug-2018 $423,000 +12.8% $295,000 +19.7% Sep-2018 $390,000 +8.0% $290,151-1.6% Historical Median Sales Price by Month $500,000 $100,000 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 7

Average Sales Price to Date $452,108 $403,640 $417,868 $432,417 $391,320 $416,645 $305,041 $302,522 $287,226 $307,047 $265,595 $258,759 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 + 14.7% + 3.5% + 3.5% + 12.1% + 14.9% -0.8% + 9.7% + 6.5% + 8.5% + 11.6% + 11.0% + 6.9% Average Sales Price Single Family Townhouse- Oct-2017 $426,408 +10.6% $315,454 +16.9% Nov-2017 $427,814 +8.3% $296,355 +6.7% Dec-2017 $442,929 +9.5% $294,831 +5.4% Jan-2018 $445,107 +12.9% $303,961 +7.7% Feb-2018 $451,626 +8.2% $296,825 +10.3% Mar-2018 $440,222 +8.8% $304,708 +2.8% Apr-2018 $449,470 +12.1% $307,884 +8.0% May-2018 $457,564 +8.3% $318,180 +16.4% Jun-2018 $465,233 +7.6% $304,274 +4.9% Jul-2018 $449,229 +4.5% $307,592 +5.6% Aug-2018 $466,085 +12.8% $306,774 +6.6% Sep-2018 $432,417 +3.5% $302,522-0.8% Historical Average Sales Price by Month $500,000 $100,000 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 8

Percent of List Price Received 99.1% 99.2% 99.3% 100.8% 100.3% 99.1% to Date -0.5% + 0.1% + 0.1% -0.2% -0.5% -1.2% -0.1% -0.3% 0.0% + 0.1% -0.7% -0.5% Historical Percent of List Price Received by Month 104.0% 100.0% 101.1% 99.7% 100.4% 99.7% 99.9% Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Pct. of List Price Received Single Family Townhouse- Oct-2017 99.0% -0.2% 99.2% -1.5% Nov-2017 99.0% 0.0% 99.4% -0.1% Dec-2017 98.4% -0.6% 99.2% -0.7% Jan-2018 99.2% +0.1% 99.3% +0.3% Feb-2018 99.1% -0.3% 99.6% -0.5% Mar-2018 99.6% +0.1% 99.9% -0.4% Apr-2018 100.0% 0.0% 100.5% +0.1% May-2018 100.0% -0.3% 100.4% -0.5% Jun-2018 100.1% -0.2% 100.4% 0.0% Jul-2018 99.8% +0.1% 99.8% -1.1% Aug-2018 99.5% +0.2% 99.4% -0.5% Sep-2018 99.3% +0.1% 99.1% -1.2% * Pct. of List Price Received for all properties from October 2017 through 2018. This is not the average of the individual figures above. 102.0% 100.0% 98.0% 96.0% 94.0% 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 9

Days on Market Until Sale Average number of days between when a property is listed and when an offer is accepted in a given month. to Date 90 101 80 77 78 75 85 69 74 75 67 56 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 + 2.8% + 1.4% - 10.7% + 10.4% + 18.8% - 44.6% -3.8% - 2.6% - 8.0% 0.0% -2.5% + 15.4% Historical Days on Market Until Sale by Month 180 Days on Market Until Sale Single Family Townhouse- Oct-2017 74-6.3% 76-13.6% Nov-2017 76-7.3% 81 +12.5% Dec-2017 84-6.7% 102 +17.2% Jan-2018 92 +3.4% 86-14.0% Feb-2018 83-11.7% 98 +36.1% Mar-2018 73-9.9% 76 0.0% Apr-2018 68-11.7% 97 +4.3% May-2018 62-11.4% 111 +58.6% Jun-2018 63-7.4% 86 +43.3% Jul-2018 65-7.1% 95 +31.9% Aug-2018 68-5.6% 81 +12.5% Sep-2018 67-10.7% 56-44.6% * Days on Market for all properties from October 2017 through 2018. This is not the average of the individual figures above. 160 140 120 100 80 60 40 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 10

Housing Affordability Index to Date 146 123 113 105 106 101 98 84 81 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18-8.7% - 3.8% - 16.8% -8.8% - 15.8% -8.1% -7.0% - 7.5% - 17.3% Historical Housing Affordability Index by Month 250 148 Sep-16-9.8% 134 Sep-17 111 Sep-18-9.5% - 17.2% Housing Affordability Index Single Family Townhouse- Oct-2017 93-12.3% 127-13.0% Nov-2017 95-6.9% 129-7.9% Dec-2017 94-1.1% 125-1.6% Jan-2018 89-6.3% 126 0.0% Feb-2018 86-8.5% 117-12.7% Mar-2018 86-9.5% 126-0.8% Apr-2018 84-15.2% 115-11.5% May-2018 81-13.8% 108-20.6% Jun-2018 83-11.7% 115-12.2% Jul-2018 84-13.4% 114-14.9% Aug-2018 80-17.5% 114-23.0% Sep-2018 84-16.8% 113-8.1% 225 200 175 150 125 100 75 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 11

Inventory of Active Listings Historical Inventory of Active Listings by Month 3,000 1,191 1,065 1,067 200 223 256 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18-16.6% + 11.8% - 10.4% + 15.6% + 11.5% + 14.8% Active Listings Single Family Townhouse- Oct-2017 1,107 +10.1% 222 +26.1% Nov-2017 929-0.3% 214 +28.9% Dec-2017 725-8.8% 189 +9.9% Jan-2018 685-9.4% 197 +32.2% Feb-2018 703-10.9% 192 +51.2% Mar-2018 749-11.2% 192 +18.5% Apr-2018 833-2.0% 197 +18.7% May-2018 972-2.6% 235 +39.9% Jun-2018 1,058-10.9% 264 +31.3% Jul-2018 1,092-10.2% 245 +23.1% Aug-2018 1,146-9.0% 276 +26.0% Sep-2018 1,067-10.4% 256 +14.8% * Active Listings for all properties from October 2017 through 2018. This is not the average of the individual figures above. 2,500 2,000 1,500 1,000 500 0 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 12

Months Supply of Inventory Historical Months Supply of Inventory by Month 8.0 2.5 2.3 2.3 2.3 2.0 2.0 Sep-16 Sep-17 Sep-18 Sep-16 Sep-17 Sep-18-14.8% + 8.7% -8.0% + 25.0% 0.0% + 15.0% Months Supply Single Family Townhouse- Oct-2017 2.3 +4.5% 2.1 +23.5% Nov-2017 1.9-5.0% 1.9 +18.8% Dec-2017 1.5-11.8% 1.7 0.0% Jan-2018 1.4-17.6% 1.8 +28.6% Feb-2018 1.4-17.6% 1.7 +41.7% Mar-2018 1.6-15.8% 1.8 +20.0% Apr-2018 1.7-10.5% 1.8 +12.5% May-2018 2.1 0.0% 2.1 +40.0% Jun-2018 2.2-12.0% 2.3 +27.8% Jul-2018 2.3-11.5% 2.1 +16.7% Aug-2018 2.5-3.8% 2.3 +15.0% Sep-2018 2.3-8.0% 2.3 +15.0% * Months Supply for all properties from October 2017 through 2018. This is not the average of the individual figures above. 7.0 6.0 5.0 4.0 3.0 2.0 1.0 1-2010 7-2010 1-2011 7-2011 1-2012 7-2012 1-2013 7-2013 1-2014 7-2014 1-2015 7-2015 1-2016 7-2016 1-2017 7-2017 1-2018 7-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 13

Total Market Overview Key metrics by report month and for year-to-date (YTD) starting from the first of the year. Key Metrics Historical Sparkbars 9-2017 9-2018 YTD-2017 YTD-2018 New Listings 709 606-14.5% 7,335 6,916-5.7% Pending / Under Contract 581 521-10.3% 5,762 5,334-7.4% Sold Listings 630 518-17.8% 5,490 5,201-5.3% Median Sales Price $342,250 $380,000 + 11.0% $350,000 $382,500 + 9.3% Average Sales Price $395,302 $413,610 + 4.6% $392,431 $422,616 + 7.7% Pct. of List Price Received 99.4% 99.3% - 0.1% 99.8% 99.7% - 0.1% Days on Market 80 65-18.8% 76 73-3.9% Affordability Index 106 86-18.9% 104 85-18.3% Active Listings 1,414 1,323-6.4% -- -- -- Months Supply 2.4 2.3-4.2% -- -- -- Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 14

Sold Listings Actual sales that have closed in a given month. By Price Range All Properties Rolling 12 Months 9-2017 9-2018 By Property Type 9-2017 9-2018 29 23 271 158 1,634 1,120 2,742 2,637-20.7% -41.7% -31.5% -3.8% 20.3% 30.5% 19.8% 14.3% 150.0% - 4.0% + 3.8% - 2.5% < $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $599K $700K to $799K $1.0M to $1.9M $2.0M+ Singe Family All Properties Rolling 12 Months Compared to Prior Month to Date By Price Range 9-2017 9-2018 Change 9-2017 9-2018 Change 8-2018 9-2018 Change 8-2018 9-2018 Change 9-2017 9-2018 Change 9-2017 9-2018 Change $99,999 and Below 23 10-56.5% 6 13 + 116.7% 2 0-100.0% 2 0-100.0% 21 6-71.4% 3 12 + 300.0% $100,000 to $199,999 117 71-39.3% 154 87-43.5% 2 12 + 500.0% 8 2-75.0% 88 53-39.8% 113 66-41.6% to $299,999 941 492-47.7% 693 628-9.4% 38 35-7.9% 66 39-40.9% 625 301-51.8% 537 474-11.7% to $399,999 2,378 2,155-9.4% 364 482 + 32.4% 196 182-7.1% 57 25-56.1% 1,916 1,603-16.3% 297 386 + 30.0% to $499,999 1,165 1,374 + 17.9% 62 102 + 64.5% 134 102-23.9% 11 7-36.4% 923 1,075 + 16.5% 49 81 + 65.3% $500,000 to $699,999 775 1,003 + 29.4% 26 42 + 61.5% 111 85-23.4% 6 2-66.7% 615 796 + 29.4% 19 31 + 63.2% $700,000 to $999,999 262 313 + 19.5% 6 8 + 33.3% 39 24-38.5% 0 0 -- 213 238 + 11.7% 5 5 0.0% $1,000,000 to $1,999,999 73 85 + 16.4% 4 3-25.0% 11 3-72.7% 0 0 -- 60 69 + 15.0% 4 3-25.0% $2,000,000 and Above 2 5 + 150.0% 0 0 -- 0 0 -- 0 0 -- 2 2 0.0% 0 0 -- All Price Ranges 5,736 5,508-4.0% 1,315 1,365 + 3.8% 533 443-16.9% 150 75-50.0% 4,463 4,143-7.2% 1,027 1,058 + 3.0% Inventory of Active Listings A measure of the number of homes available for sale at a given time. 1,227 1,476 801 1,045 268 321 77 88 2 5 5,736 5,508 1,315 1,365 7,051 6,873 By Price Range All Properties 9-2017 9-2018 By Property Type 9-2017 9-2018 362 320 307 289 295 281 120 97 22 15 39 24 174 189 76 87 19 21 1,191 1,414 1,067 223 256 1,323-31.8% - 38.5% - 19.2% - 11.6% -5.9% - 4.7% + 8.6% + 14.5% + 10.5% - 10.4% + 14.8% - 6.4% < $100K $100K to $199K $200K to $299K $300K to $399K $400K to $499K $500K to $599K $700K to $799K $1.0M to $1.9M $2.0M+ Singe Family All Properties over Compared to Prior Month to Date By Price Range 9-2017 9-2018 Change 9-2017 9-2018 Change 8-2018 9-2018 Change 8-2018 9-2018 Change $99,999 and Below 10 10 0.0% 12 5-58.3% 11 10-9.1% 5 5 0.0% $100,000 to $199,999 29 17-41.4% 10 7-30.0% 22 17-22.7% 12 7-41.7% to $299,999 61 40-34.4% 59 57-3.4% 57 40-29.8% 66 57-13.6% to $399,999 265 225-15.1% 97 95-2.1% 234 225-3.8% 101 95-5.9% to $499,999 282 254-9.9% 25 35 + 40.0% 275 254-7.6% 38 35-7.9% $500,000 to $699,999 288 254-11.8% 7 27 + 285.7% 263 254-3.4% 24 27 + 12.5% $700,000 to $999,999 166 163-1.8% 8 26 + 225.0% 176 163-7.4% 25 26 + 4.0% $1,000,000 to $1,999,999 71 83 + 16.9% 5 4-20.0% 86 83-3.5% 5 4-20.0% $2,000,000 and Above 19 21 + 10.5% 0 0 -- 22 21-4.5% 0 0 -- All Price Ranges 1,191 1,067-10.4% 223 256 + 14.8% 1,146 1,067-6.9% 276 256-7.2% There are no year-to-date figures for inventory because it is simply a snapshot frozen in time at the end of each month. It does not add up over a period of months. Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 15

Glossary of Terms A research tool provided by the Colorado Association of REALTORS New Listings A measure of how much new supply is coming onto the market from sellers. Pending / Under Contract A count of all listings that went into Pending status during the reported period. Pending listings are counted at the end of the reported period only once. So if a listing goes into, out of and back into Pending status during the reporting period, it is counted just one time. This is the most real-time measure possible for home buyer activity, as it measures signed contracts on sales rather than the actual closed sale. As such, it is called a leading indicator of buyer demand. The Pending/Under Contract metric includes Pending, Active/Backup and Active/First Right. Sold Listings A measure of home sales that were closed to completion during the report period. Median Sales Price A measure of home values in a market area where 50% of activity was higher and 50% was lower than this price point. Average Sales Price A sum of all home sales prices divided by total number of sales. Percent of List Price Received A mathematical calculation of the percent difference from last list price and sold price for those listings sold in the reported period. Days on Market Until Sale A measure of how long it takes homes to sell, on average. Housing Affordability Index A measure of how affordable a region s housing is to its consumers. A higher number means greater affordability. The index is based on interest rates, median sales price and median income by county. Active Listings A measure of the number of homes available for sale at a given time. The availability of homes for sale has a big effect on supply-demand dynamics and home prices. Months Supply of Inventory A measure of how balanced the market is between buyers and sellers. It is expressed as the number of months it would hypothetically take to sell through all the available homes for sale, given current levels of home sales. A balanced market ranges from 4 to 7 months of supply. A buyer's market has a higher number, reflecting fewer buyers relative to homes for sale. A seller's market has a lower number, reflecting more buyers relative to homes for sale. Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime. 16

Local Market Update for 2018 A Research Tool Provided by the Colorado Association of REALTORS Allenspark Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 1 2 + 100.0% 21 20-4.8% Closed Sales 3 1-66.7% 9 13 + 44.4% Median Sales Price* $225,000 $408,800 + 81.7% $272,000 $280,000 + 2.9% Average Sales Price* $445,333 $408,800-8.2% $388,761 $335,392-13.7% Percent of List Price Received* 95.9% 96.2% + 0.3% 95.7% 98.4% + 2.8% Days on Market Until Sale 125 871 + 596.8% 126 180 + 42.9% Inventory of Homes for Sale 10 7-30.0% -- -- -- Months Supply of Inventory 6.2 3.5-43.5% -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 0 0 -- 0 0 -- Closed Sales 0 0 -- 0 0 -- Median Sales Price* $0 $0 -- $0 $0 -- Average Sales Price* $0 $0 -- $0 $0 -- Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% -- Days on Market Until Sale 0 0 -- 0 0 -- Inventory of Homes for Sale 0 0 -- -- -- -- Months Supply of Inventory 0.0 0.0 -- -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. to Date to Date Median Sales Price Rolling 12-Month Calculation $500,000 Median Sales Price Rolling 12-Month Calculation Entire MLS Entire MLS Allenspark Allenspark $100,000 $100,000 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 $0 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime.

Local Market Update for 2018 A Research Tool Provided by the Colorado Association of REALTORS Drake Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 7 3-57.1% 29 37 + 27.6% Closed Sales 1 8 + 700.0% 20 28 + 40.0% Median Sales Price* $550,000 $304,950-44.6% $232,000 $301,500 + 30.0% Average Sales Price* $550,000 $339,488-38.3% $246,063 $286,560 + 16.5% Percent of List Price Received* 100.0% 99.4% - 0.6% 94.3% 98.3% + 4.2% Days on Market Until Sale 47 99 + 110.6% 124 91-26.6% Inventory of Homes for Sale 12 8-33.3% -- -- -- Months Supply of Inventory 5.1 2.4-52.9% -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 0 0 -- 0 0 -- Closed Sales 0 0 -- 0 0 -- Median Sales Price* $0 $0 -- $0 $0 -- Average Sales Price* $0 $0 -- $0 $0 -- Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% -- Days on Market Until Sale 0 0 -- 0 0 -- Inventory of Homes for Sale 0 0 -- -- -- -- Months Supply of Inventory 0.0 0.0 -- -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. to Date to Date Median Sales Price Rolling 12-Month Calculation Median Sales Price Rolling 12-Month Calculation Entire MLS Entire MLS Drake Drake $350,000 $250,000 $100,000 $150,000 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 $0 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime.

Local Market Update for 2018 A Research Tool Provided by the Colorado Association of REALTORS Estes Park Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 18 21 + 16.7% 216 243 + 12.5% Closed Sales 19 14-26.3% 151 151 0.0% Median Sales Price* $450,000 $516,500 + 14.8% $453,000 $540,000 + 19.2% Average Sales Price* $563,911 $536,014-4.9% $529,864 $595,977 + 12.5% Percent of List Price Received* 97.9% 97.2% - 0.7% 97.5% 98.1% + 0.6% Days on Market Until Sale 76 73-3.9% 98 82-16.3% Inventory of Homes for Sale 76 56-26.3% -- -- -- Months Supply of Inventory 4.4 3.5-20.5% -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 23 16-30.4% 121 135 + 11.6% Closed Sales 11 7-36.4% 93 89-4.3% Median Sales Price* $279,000 $385,000 + 38.0% $285,000 $305,000 + 7.0% Average Sales Price* $282,591 $408,571 + 44.6% $290,418 $305,067 + 5.0% Percent of List Price Received* 99.6% 98.3% - 1.3% 99.4% 95.9% - 3.5% Days on Market Until Sale 54 41-24.1% 97 74-23.7% Inventory of Homes for Sale 22 30 + 36.4% -- -- -- Months Supply of Inventory 2.0 2.7 + 35.0% -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. to Date to Date Median Sales Price Rolling 12-Month Calculation $600,000 Median Sales Price Rolling 12-Month Calculation Entire MLS Entire MLS Estes Park Estes Park $325,000 $500,000 $275,000 $250,000 $225,000 $175,000 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 $150,000 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime.

Local Market Update for 2018 A Research Tool Provided by the Colorado Association of REALTORS Glen Haven Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 0 0 -- 18 13-27.8% Closed Sales 1 4 + 300.0% 11 14 + 27.3% Median Sales Price* $85,000 $294,500 + 246.5% $298,000 $417,500 + 40.1% Average Sales Price* $85,000 $299,500 + 252.4% $294,047 $458,584 + 56.0% Percent of List Price Received* 85.9% 98.0% + 14.1% 98.5% 97.3% - 1.2% Days on Market Until Sale 46 68 + 47.8% 79 121 + 53.2% Inventory of Homes for Sale 9 2-77.8% -- -- -- Months Supply of Inventory 4.0 1.2-70.0% -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 0 0 -- 0 0 -- Closed Sales 0 0 -- 0 0 -- Median Sales Price* $0 $0 -- $0 $0 -- Average Sales Price* $0 $0 -- $0 $0 -- Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% -- Days on Market Until Sale 0 0 -- 0 0 -- Inventory of Homes for Sale 0 0 -- -- -- -- Months Supply of Inventory 0.0 0.0 -- -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. to Date to Date Median Sales Price Rolling 12-Month Calculation $500,000 Median Sales Price Rolling 12-Month Calculation Entire MLS Entire MLS Glen Haven Glen Haven $100,000 $100,000 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 $0 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime.

Local Market Update for 2018 A Research Tool Provided by the Colorado Association of REALTORS Pinewood Springs Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 0 0 -- 0 0 -- Closed Sales 0 0 -- 0 0 -- Median Sales Price* $0 $0 -- $0 $0 -- Average Sales Price* $0 $0 -- $0 $0 -- Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% -- Days on Market Until Sale 0 0 -- 0 0 -- Inventory of Homes for Sale 0 0 -- -- -- -- Months Supply of Inventory 0.0 0.0 -- -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. Key Metrics 2017 2018 Thru 09-2017 Thru 09-2018 New Listings 0 0 -- 0 0 -- Closed Sales 0 0 -- 0 0 -- Median Sales Price* $0 $0 -- $0 $0 -- Average Sales Price* $0 $0 -- $0 $0 -- Percent of List Price Received* 0.0% 0.0% -- 0.0% 0.0% -- Days on Market Until Sale 0 0 -- 0 0 -- Inventory of Homes for Sale 0 0 -- -- -- -- Months Supply of Inventory 0.0 0.0 -- -- -- -- * Does not account for seller concessions and/or down payment assistance. Activity for one month can sometimes look extreme due to small sample size. to Date to Date Median Sales Price Rolling 12-Month Calculation Median Sales Price Rolling 12-Month Calculation Entire MLS Entire MLS Pinewood Springs Pinewood Springs $100,000 $100,000 $0 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 $0 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 Current as of October 3, 2018. All data from IRES, LLC. Report 2018 ShowingTime.