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.
