Inherited homes accounted for a record share of U.S. property transfers in 2025, a shift in how housing supply reaches the market and challenging expectations that aging baby boomers who wish to downsize will unlock a surge of homes for sale.

New data from Cotality shows that about 340,000 U.S. properties were transferred through inheritance in the 12 months ending in August 2025. That represented 7% of all property transfers — the highest share the firm has recorded.

The figure comes as traditional resales slowed, increasing the relative market importance of inherited properties, Cotality explained.

“For years, analysts have held details ⇒

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