MLSListings Inc Confidential Copyright 2015 11

Single Family Market Outlook – San Mateo CountyApr ’14 vs. Apr ’15

MLSListings Inc Confidential Copyright 2015 22

Condo/Townhouse Market Outlook – San Mateo CountyApr ’14 vs. Apr ’15

MLSListings Inc Confidential Copyright 2015 33

Inventory, Closed Sales, New Listings – San Mateo CountyJan ’03 – Apr ’15

MLSListings Inc Confidential Copyright 2015 44

Inventory Trends - San Mateo CountyJan ’03 – Apr ’15

MLSListings Inc Confidential Copyright 2015 55

Inventory Trends – San Mateo CountyJan ’98 – Apr ’15

MLSListings Inc Confidential Copyright 2015 66

Closed Sale Trends – San Mateo CountyJan ’03 – Apr ’15

MLSListings Inc Confidential Copyright 2015 77

Closed Sale Trends – San Mateo CountyJan ’98 – Apr ’15

MLSListings Inc Confidential Copyright 2015 88

Median Price Trends – San Mateo CountyJan ’98 – Apr ’15

MLSListings Inc Confidential Copyright 2015 99

Average Price Trends – San Mateo CountyJan ’98 – Apr ’15

MLSListings Inc Confidential Copyright 2015 1010

Average & Median Pricing Trends – San Mateo CountyJan ’98 – Apr ’15

MLSListings Inc Confidential Copyright 2015 1111

% Sale Price vs. List Price – San Mateo County Jan ’03 – Apr ’15

MLSListings Inc Confidential Copyright 2015 1212

Months of Inventory – San Mateo County Mar ’03 – Apr ’15 (Rolling Three Month Average)

MLSListings Inc Confidential Copyright 2015 1313

Single Family Days On Market – San Mateo CountyJan ’98 – Apr ’15

MLSListings Inc Confidential Copyright 2015 1414

Condo/Townhouse Days On Market – San Mateo CountyJan ’98 – Apr ’15