2nd QTR % +1.24% +0.36% Danny Wm. Vigil 2018 GAAR President QUARTERLY MARKET REPORT CONTACT QUARTERLY HIGHLIGHTS

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1 QUARTERLY MARKET REPORT 2018 New Listings Closed Sales Average Sale Price Detached 5,345 5,326 Detached 3,484 3,380 Detached $242,906 $239,934 Attached Attached Attached $166,217 $156,104 % Change (Detached) +0.36% % Change (Detached) +3.08% % Change (Detached) +1.24% QUARTERLY HIGHLIGHTS The average sale price of single-family detached homes in 2nd Quarter 2018 was $242,906, a 1.2% increase from 2nd Quarter Single-family detached home sales totaled 3,484, an increase of 3.1% from 2nd Quarter CONTACT Danny Wm. Vigil 2018 GAAR President Phone: president@gaar.com SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.

2 Recap for Greater Albuquerque Areas Class R1 (Existing Single-Family Detached) Class R2 (Existing Condo/Townhome Attached) Average Sale Price: $242,906 $239, % Median Sale Price: $210,000 $199, % Total Sold & Closed: 3,484 3, % Total Dollar Volume (mil): $846.2 $ % New Listings: 5,345 5, % Days on Market: % Class R % of Change Average Sale Price: $166,217 $156, % Median Sale Price: $154,000 $148, % Total Sold & Closed: % Total Dollar Volume (mil): $61.2 $ % New Listings: % Days on Market: % Average Sale Price for Single-Family Detached Homes $260,000 $250,000 $240,000 $230,000 $220,000 $210,000 $200,000 $190,000 $180,000 $239,934 $242,906 $228, SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 2

3 Recap for Albuquerque & Rio Rancho Albuquerque (Areas ) Rio Rancho (Areas ) Average Sale Price: $244,935 $242, % Median Sale Price: $207,950 $199, % Total Sold & Closed: 2,426 2, % Total Dollar Volume: $594.2 $ % New Listings: 3, % Days on Market: % Average Sale Price: $221,203 $211, % Median Sale Price: $201,000 $188, % Total Sold & Closed: % Total Dollar Volume: $132.3 $ % New Listings: % Days on Market: % Class R % of Change Average Sale Price: $170,951 $160, % Median Sale Price: $155,000 $150, % Total Sold & Closed: % Total Dollar Volume: $54.2 $ % New Listings: % Days on Market: % Class R % of Change Average Sale Price: $142,796 $129, % Median Sale Price: $170,625 $133, % Total Sold & Closed: % Total Dollar Volume: $4.1 $ % New Listings: % Days on Market: % SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 3

4 Recap for East Mountains & Valencia County East Mountains (Areas ) Valencia (Areas ) Average Sale Price: $275,270 $276, % Average Sale Price: $177,634 $168, % Median Sale Price: $270,000 $260, % Median Sale Price: $160,000 $151, % Total Sold & Closed: % Total Dollar Volume: $46.5 $ % New Listings: % Days on Market: % Total Sold & Closed: % Total Dollar Volume: $33.6 $ % New Listings: % Days on Market: % SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Page 4

5 Area Summary for Single-Family Home Sales SOURCE: Greater Albuquerque Association of REALTORS - based on data from the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed. Sales Change from 2nd QTR 2017 Average Sale Price Change from 2nd QTR 2017 Median Sale Price Change from 2nd QTR Sandia Heights % $482, % $468, % 20 North Albuq. Acres % $636, % $595, % 21 Albuq. Acres West % $406, % $355, % 30 Far NE Heights % $327, % $294, % 31 Foothills North % $564, % $515, % 32 Academy West % $285, % $279, % 40 UNM % $285, % $249, % 41 Uptown % $178, % $167, % 42 UNM South % $260, % $239, % 50 NE Heights % $187, % $180, % 51 Foothills South % $315, % $315, % 60 Four Hills % $339, % $339, % 70 Fairgrounds % $177, % $177, % 71 Southeast Heights % $211, % $211, % 72 Mesa Del Sol % $249, % $232, % 80 Downtown % $246, % $209, % 90 Near South Valley % $126, % $124, % 91 Valley Farms % $206, % $175, % 92 Southwest Heights % $154, % $152, % 93 Pajarito % $169, % $157, % 100 North Valley % $362, % $271, % 101 Near North Valley % $291, % $245, % 102 Far North Valley % $389, % $300, % 103 West River Valley % $576, % $555, % 110 Northwest Heights % $249, % $230, % 111 Ladera Heights % $176, % $170, % 112 Canoncito 0 N/A $0 N/A $0 N/A 120 Paradise West % $209, % $202, % 121 Paradise East % $250, % $245, % 130 Corrales % $519, % $472, % 140 Rio Rancho South % $268, % $245, % 141 Rio Rancho Southwest 1 N/A $168,000 N/A $168,000 N/A 150 Rio Rancho Mid % $208, % $177, % 151 Rio Rancho Mid-North % $274, % $265, % 152 Rio Rancho Mid-West % $142, % $151, % 160 Rio Rancho North % $231, % $220, % 161 Rio Rancho Central % $165, % $166, % 162 Rio Rancho Northwest 0 N/A $0 N/A $0 N/A 170 Bernalillo/Algodones % $249, % $253, % 180 Placitas % $402, % $390, % East Mountain Area % $275, % $270, % Valencia County % $177, % $160, % Page 5

6 2018 Q2 Sales 120 Sales: 187 Avg: $209,760 Med: $202, Sales: 229 Avg: $249,077 Med: $230, Sales: 164 Avg: $176,991 Med: $170, Sales: 113 Avg: $250,207 Med: $245, Sales: 4 Avg: $576,350 Med: $555, Sales:56 Avg: $246,098 Med: $209, Sales: 26 Avg: $519,658 Med:$472, Sales: 83 Avg: $291,106 Med: $245, Sales: 6 Avg: $389,292 Med: $300, Sales: 69 Avg: $362,172 Med: $271, Sales: 72 Avg: $285,646 Med: $249, Sales: 71 Avg: $406,834 Med: $355, Sales: 59 Avg: $285,760 Med: $279, Sales: 125 Avg: $178,728 Med: $167, Sales: 44 Avg: $177,609 Med: $177, Sales: 37 Avg: $636,319 Med: $595, Sales: 142 Avg: $327,732 Med:$294, Sales: 277 Avg: $187,707 Med: $180, Sales: 28 Avg: $482,047 Med: $468, Sales: 27 Avg: $564,662 Med: $515, Sales: 65 Avg: $315,486 Med: $315, Sales: 293 Avg: $154,355 Med: $152, Sales: 62 Avg: $126,074 Med: $124, Sales: 61 Avg: $260,705 Med:$239, Sales: 72 Avg: $211,324 Med: $211, Sales: 33 Avg: $339,577 Med: $339, Sales: 9 Avg: $249,188 Med: $232, Sales: 5 Avg: $169,700 Med: $157, Sales: 33 Avg: $206,770 Med: $175, Sales: 0 Avg: N/A Med: N/A

7 2018 Q2 Sales 162 Sales: 0 Avg: N/A Med: N/A 152 Sales: 11 Avg: $142,127 Med:$151, Sales: 119 Avg: $165,956 Med:$166, Sales: 92 Avg: $231,958 Med:$220, Sales: 87 Avg: $274,997 Med:$265, Sales: 197 Avg: $208,738 Med:$177, Sales: 29 Avg: $249,898 Med: $253, Sales: 47 Avg: $402,977 Med:$390, Sales: 1 Avg: $168,000 Med: $168, Sales: 91 Avg: $268,277 Med:$245,000

8 2018 Q2 Sales 210 Sales: 4 Avg: $279, Sales: 45 Avg: $338,497 Med:$314, Sales: 31 Avg: $298,919 Med:$299, Sales: 15 Avg: $335,187 Med:$295, Sales: 28 Avg: $272,714 Med:$270, Sales: 7 Avg: $273,357 Med:$270, Sales: 11 Avg: $208,082 Med: $185, Sales: 6 Avg: $213,817 Med: $168, Sales: 2 Avg: $177,500 Med: $177, Sales: 2 Avg: $148,000 Med:$148,000 Med:$279, Sales: 9 Avg: $122,389 Med:$78, Sales:1 Avg: $249,000 Med:$249, Sales: 3 Avg: $96,067 Med: $68, Sales: 5 Avg: $92,600 Med: $24,000

9 2018 Q2Sales 700 Sales: 47 Avg: $204,423 Med:$220, Sales: 19 Avg: $256,879 Med:$233, Sales: 0 Avg: N/A Med: N/A 701 Sales: 22 Avg: $192,430 Med:$183, Sales: 13 Avg: $247,175 Med:$247, Sales: 3 Avg: $117,267 Med: $128, Sales: 10 Avg: $204,664 Med:$180, Sales: 30 Avg: $131,670 Med:$140, Sales: 2 Avg: $87,450 Med:$87, Sales: 19 Avg: $96,712 Med: $90, Sales: 2 Avg: $132,000 Med:$132, Sales: 3 Avg: $146,833 Med:$210, Sales: 19 Avg: $135,366 Med:$135,000