The recent data indicates a 3.5% year-over-year increase in community census, demonstrating steady growth. Although there was an 11.7% decline in inquiries for October compared to the same period last year, it marks an improvement over September 2024. Initial tours experienced a notable 4.7% month-over-month increase, maintaining levels similar to 2023. However, move-ins during October 2024 decreased, aligning with reports that show communities facing either fewer move-ins or a balance between move-ins and move-outs.
Move-outs have remained stable, with further analysis revealing that move-outs nearly match move-ins. This equilibrium coincides with an increase in assessments for assisted living, suggesting a lengthened conversion timeline from initial inquiry to move-in. This trend correlates with the average time homes stay on the market, as many prospective residents need to sell their homes before moving into a community.
