market Quarterly Highlights Single-family detached home sales increased 1.7% from 4th Quarter 2017 to 2,716. Closed Sales

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1 Q uarterly market R E P O R T Quarterly Highlights 4 th QTR 2018 The average sale price of single-family detached homes in 4th Quarter 2018 was $241,900, a 2.3% increase from 4th Quarter Single-family detached home sales increased 1.7% from 4th Quarter 2017 to 2,716. New Listings Detached: 3,260 Attached: 325 4th QTR 2017 Detached: 3,161 Attached: 344 % Change (Detached) +3.13% Closed Sales Detached: 2,716 Attached: 313 4th QTR 2017 Detached: 2,671 Attached: 296 % Change (Detached) +1.68% Average Sale $ Detached: $241,900 Attached: $159,787 4th QTR 2017 Detached: $236,310 Attached: $156,902 % Change (Detached) +2.37% Contact John Lopez 2019 GAAR President Phone president@gaar.com

2 4th QTR 2018 & 2017 RECAP for Greater Albuquerque Areas Class R1 (Existing Single-Family Detached) & Class R2 (Existing Condo/Townhome Attached) Average Sale Price: $241,900 $236, % Median Sale Price: $204,900 $197, % Total Sold & Closed: 2,716 2, % Total Dollar Volume*: $657.0 $ % New Listings: 3,260 3, % Days on Market: % Class R % of Change Average Sale Price: $159,787 $156, % Median Sale Price: $153,000 $145, % Total Sold & Closed: % Total Dollar Volume*: $50.0 $ % New Listings: % Days on Market: % The numbers above reflect the time period between October 1 and Dec. 31 of 2017 and *Total Dollar Volume (millions) $250,000 $240,000 $230,000 $220,000 Average Sale Price for single-family detached homes $241,900 $236,310 $221,456 $210,000 $200,000 $190,000 $180,000 4th QTR th QTR th QTR 2018 SOURCE: Greater Albuquerque Association of REALTORS - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. 2

3 4th QTR 2018 & 2017 RECAP for Albuquerque (Areas ) Average Sale Price: $241,974 $237, % Median Sale Price: $204,000 $197, % Total Sold & Closed: 1,843 1, % Total Dollar Volume*: $446.0 $ % New Listings: 2,166 2, % Days on Market: % Class R % of Change Average Sale Price: $164,431 $160, % Median Sale Price: $160,000 $145, % Total Sold & Closed: % Total Dollar Volume*: $43.6 $ % New Listings: % Days on Market: % 4th QTR 2018 & 2017 RECAP for Rio Rancho (Areas ) Average Sale Price: $212,215 $204, % Median Sale Price: $191,500 $180, % Total Sold & Closed: % Total Dollar Volume*: $99.3 $ % New Listings: % Days on Market: % Class R % of Change Average Sale Price: $139,173 $121, % Median Sale Price: $150,000 $122, % Total Sold & Closed: % Total Dollar Volume*: $4.6 $ % New Listings: % Days on Market: % SOURCE: Greater Albuquerque Association of REALTORS - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. 3

4 4th QTR 2018 & 2017 RECAP for East Mountains (Areas ) Average Sale Price: $288,429 $289, % Median Sale Price: $273,500 $272, % Total Sold & Closed: % Total Dollar Volume*: $36.9 $ % New Listings: % Days on Market: % 4th QTR 2018 & 2017 RECAP for Valencia County (Areas ) Average Sale Price: $193,877 $166, % Median Sale Price: $168,200 $153, % Total Sold & Closed: % Total Dollar Volume*: $35.9 $ % New Listings: % Days on Market: % The numbers above reflect the time period between October 1 and Dec. 31 of 2017 and *Total Dollar Volume (millions) SOURCE: Greater Albuquerque Association of REALTORS - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. 4

5 4th QTR 2018 Area Summary for single-family home sales Sales Change from 4th QTR 2017 Average Sale Price Change from 4th QTR 2017 Median Sale Price Change from 4th QTR Sandia Heights % $575, % $558, % 20 North Albuq. Acres % $574, % $560, % 21 Albuq. Acres West % $379, % $340, % 30 Far NE Heights % $321, % $278, % 31 Foothills North % $527, % $479, % 32 Academy West % $246, % $240, % 40 UNM % $294, % $274, % 41 Uptown % $185, % $175, % 42 UNM South % $270, % $223, % 50 NE Heights % $184, % $176, % 51 Foothills South % $324, % $325, % 60 Four Hills % $326, % $308, % 70 Fairgrounds % $151, % $148, % 71 Southeast Heights % $206, % $193, % 72 Mesa Del Sol % $272, % $238, % 80 Downtown % $251, % $227, % 90 Near South Valley % $152, % $137, % 91 Valley Farms % $179, % $171, % 92 Southwest Heights % $153, % $149, % 93 Pajarito % $255, % $170, % 100 North Valley % $371, % $263, % 101 Near North Valley % $264, % $218, % 102 Far North Valley % $305, % $274, % 103 West River Valley % $383, % $370, % 110 Northwest Heights % $267, % $244, % 111 Ladera Heights % $179, % $174, % 112 Canoncito 1 N/A $185,000 N/A $185,000 N/A 120 Paradise West % $209, % $200, % 121 Paradise East % $234, % $212, % 130 Corrales % $482, % $380, % 140 Rio Rancho South % $243, % $239, % 141 Rio Rancho Southwest 1 N/A $156,000 N/A $156,000 N/A 150 Rio Rancho Mid % $200, % $175, % 151 Rio Rancho Mid-North % $244, % $208, % 152 Rio Rancho Mid-West % $155, % $141, % 160 Rio Rancho North % $261, % $247, % 161 Rio Rancho Central % $169, % $165, % 162 Rio Rancho Northwest 0 N/A $0 N/A $0 N/A 170 Bernalillo/Algodones % $303, % $300, % 180 Placitas % $443, % $431, % East Mountain Area % $288, % $273, % Valencia County % $193, % $168, % SOURCE: Greater Albuquerque Association of REALTORS - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. 5

6 2018 Q4 Sales 120 Sales: 139 Avg: $209,064 Med: $200, Sales: 178 Avg: $267,772 Med: $244, Sales: 128 Avg: $179,591 Med: $174, Sales: 98 Avg: $234,420 Med: $212, Sales: 9 Avg: $383,611 Med: $370, Sales:40 Avg: $251,178 Med: $227, Sales: 31 Avg: $482,621 Med:$380, Sales: 60 Avg: $264,572 Med: $218, Sales: 8 Avg: $305,375 Med: $274, Sales: 45 Avg: $371,846 Med: $263, Sales: 55 Avg: $294,125 Med: $274, Sales: 45 Avg: $379,167 Med: $340, Sales: 58 Avg: $246,225 Med: $240, Sales: 109 Avg: $185,015 Med: $175, Sales: 38 Avg: $151,307 Med: $148, Sales: 18 Avg: $574,721 Med: $560, Sales: 127 Avg: $321,044 Med:$278, Sales: 190 Avg: $184,343 Med: $176, Sales: 16 Avg: $575,938 Med: $558, Sales: 32 Avg: $527,326 Med: $479, Sales: 38 Avg: $324,295 Med: $325, Avg: $153,857 Med: $149, Avg: $152,959 Med: $137, Sales: 38 Avg: $270,123 Med:$223, Sales: 49 Avg: $206,645 Med: $193, Avg: $326,364 Med: $308, Sales: 6 Avg: $272,733 Med: $238, Sales: 6 Avg: $255,833 Med: $170, Avg: $179,401 Med: $171, Sales: 1 Avg: $185,000 Med: $185,000

7 2018 Q4 Sales 162 Sales: 0 Avg: N/A Med: N/A 152 Sales: 13 Avg: $155,231 Med:$141, Sales: 115 Avg: $169,284 Med:$165, Sales: 64 Avg: $261,072 Med:$247, Sales: 68 Avg: $244,351 Med:$208, Sales: 142 Avg: $200,923 Med:$175, Avg: $303,729 Med: $300, Sales: 39 Avg: $443,529 Med:$431, Sales: 1 Avg: $156,000 Med: $156, Sales: 65 Avg: $243,377 Med:$239,900

8 2018 Q4 Sales 210 Avg: $195, Sales: 31 Avg: $408,356 Med:$332, Avg: $284,790 Med:$290, Sales: 13 Avg: $249,762 Med:$250, Sales: 19 Avg: $297,595 Med:$287, Sales: 10 Avg: $258,500 Med:$271, Sales: 13 Avg: $247,823 Med: $180, Avg: $159,350 Med: $159, Sales: 0 Avg: N/A Med: N/A 290 Sales: 1 Avg: $249,000 Med:$249,000 Med:$195, Sales: 7 Avg: $116,348 Med:$115, Sales: 0 Avg: N/A Med:N/A 292 Sales: 3 Avg: $87,667 Med: $68, Avg: $198,250 Med: $198,250

9 2018 Q4 Sales 700 Sales: 45 Avg: $214,843 Med:$204, Sales: 13 Avg: $273,615 Med:$260, Sales: 0 Avg: N/A Med: N/A Avg: $196,752 Med:$194, Sales: 10 Avg: $240,443 Med:$255, Avg: $140,000 Med: $140, Sales: 10 Avg: $311,904 Med:$271, Sales: 36 Avg: $134,105 Med:$141, Avg: $242,500 Med:$242, Sales: 13 Avg: $119,577 Med: $115, Avg: $452,500 Med: $452, Sales: 3 Avg: $169,667 Med:$197, Avg: $145,163 Med:$135,000