How Long Are Villas Taking to Re‑license?

A Look at the Trends

Market research from UMR and Primary Purpose shows clear patterns in how long it takes for ORAs to be re‑licensed after a resident leaves.

What the data shows:

Between 2020–2022, “approx. 75% of all ORAs were relicensed in under 6 months” and around 90% within 9 months.

In 2023, as the housing market softened, only 62% were relicensed within 6 months, with 84% completed by 9 months.

In 2024, performance remained similar: “Research suggested that 65% were sold at 6 months.

What this means in practical terms:

In strong housing markets:

~75% relicense within 6 months

Another ~15% by 9 months

Most of the remainder by 12 months

In tougher markets (like now):

60–65% relicense within 6 months

20–25% by 9 months

Around 10% between 9–12 months

Final 5% at the 12‑month mark.

This information helps set realistic expectations for residents and families navigating the resale and repayment process.