Tilbury Real Estate Advisors

12/15/2025

The fitness entrepreneur and trainer to Hollywood’s A-List tapped Ronen Lev to imbue a European vibe in her charming Long Island haven

12/15/2025

I don't know who needs to hear this, but...

12/15/2025

12/15/2025

Last night a team of Lights in the Heights judges made their way through the neighborhood on a train of golf carts. They stopped here and there to figure out which homes were naughty or nice.

12/15/2025

The project will function as a stage, gathering space, sundial, and solar power source!☀✨ https://bit.ly/arch-of-time-htx

12/15/2025

Well, that was quite a night.

12/15/2025

Inventory Levels for the 10 Largest States by Population

Relative to their population, Florida and Texas continue to over-index for listings, while California significantly under-indexes. Florida has twice the listing share you’d expect given its population share, while California has half the listing share you expect given its population share.

(!!!) Texas has twice as many active listings (131,869) as California does (66,283), despite having only 78% of California’s population! And Florida has 2.5X as many active listings (163,059) as California, despite having 59% of California’s population.

There are currently 19 states with inventory levels (November 2025) that are ABOVE their pre-pandemic levels (November 2019). There were 18 in October, and 16 in September. Most of the states with inventory levels that are well above pre-pandemic levels are in the South or Mountain West.

19 States where Inventory Levels (Nov 2025) are ABOVE Pre-Pandemic Levels (Nov 2019)

District of Columbia: +74.4%
Arizona: +39.1%
Tennessee: +37.0%
Texas: +34.3%
Utah: +29.4%
Colorado: +29.4%
Washington: +24.8%
Florida: +23.4%
Idaho: +18.4%
Oklahoma: +14.0%
Georgia: +7.9%
Nebraska: +7.6%
North Carolina: +6.7%
Alabama: +6.3%
Nevada: +5.0%
Arkansas: +4.7%
Oregon: +4.4%
Hawaii: +2.3%
South Carolina: 0.9%

And as you’d expect, the states seeing the largest price declines are also generally the states with the highest inventory levels relative to pre-pandemic: D.C., Arizona, Utah, and Colorado, etc.

24 States where Listing Prices are Falling YoY (Nov 2025 vs. Nov 2024)
District of Columbia: -7.1% YoY
Hawaii: -5.9% YoY
Massachusetts: -4.5% YoY
Arizona: -4.1% YoY
Iowa: -3.5% YoY
California: -3.2% YoY
Utah: -2.7% YoY
Colorado: -2.4% YoY
Nebraska: -2.3% YoY
New Jersey: -3.9% YoY
Texas: -2.2% YoY
South Dakota: -2.1% YoY

Not shown: FL, GA, IL, KS, ME, MN, NT, NV, NJ, ND, OR, TN, WY (all declining, but