This market has seen a modest increase in available aircraft with inventory levels up from 9% a year ago. As supply has increased slightly, the average asking price has decreased about 3% over the past 12 months, reflecting minor adjustments in the pre-owned market. Aircraft are selling more quickly with days on market decreasing 46% compared to this time last year. Over the past 12 months, there have been 19 retail sales, indicating solid traction activity in this segment. Based on current supply and demand trends, the three-year OEM backlog for new aircraft continues to support the pre-owned global XRS market. In summary, this market remains strong with supply and demand balance in alignment. Overall, I'd categorize the global XRS market as a seller's market and give it a B-demand rating.
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