Inventory has increased over the past 12 months by 50%, with 3 aircraft for sale, indicating a modest rise in available supply in the market. Average asking prices have climbed 33% over the past year, to an increase of $223,000, showing strong upward price momentum, despite the increase in inventory. Days on market have increased 92%, to roughly 132 days, indicating aircraft are taking longer to sale, and demand has softened relative to supply. With only one retail sale in the past 12 months, transaction activity is extremely limited, reflecting very low buyer absorption in this market. With an absorption rate of 37.5 months, the market shows extremely slow demand relative to supply, indicating a heavily oversupplied buyer's market for this aircraft. Overall, this would be considered a weak market due to the rising inventory staying on the market, creating this low absorption rate. Supply outweighs demand here, creating a buyer's market. I would give this market a demand rating of a triple C.
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Or Contact Katherine Minnehan--Hammons Directly at
COMING SOON...
Or Contact Katherine Minnehan--Hammons Directly at
COMING SOON...
Or Contact Katherine Minnehan--Hammons Directly at