From November 2023 to November 2024, senior living communities experienced a 3.3% increase in census numbers, highlighting strong retention and sustained demand. Occupancy rates remained stable across communities, reflecting a consistent interest in available spaces. While the average time from tour to move-in continues to lengthen, this trend aligns with the rising days on market for home sales, suggesting broader market dynamics at play. Inquiries saw a decline of 24.6%, and tours experienced a slight dip compared to the previous year. Additionally, move-ins decreased both from October and in the year-over-year comparison. Despite these fluctuations, the communities maintain steady performance, supported by their ability to adapt to changing market conditions.
