Inventory has increased 21% over the past year indicating a growing supply of aircraft on the market. Average asking prices have declined 11% over the past 12 months, showing downward pressure on pricing and softening market values. Days on market have increased 7% up to an average of 253 days over the past year. This reflects softer demand conditions. A total of 42 retail sales over the past year shows uneven monthly activity and a recent decline, suggesting inconsistent and weakening transaction volume. With a 12.9 month absorption rate, the market is balanced to soft, indicating supply is slightly outpacing demand and aircrafts are taking over a year to sell at the current sales pace. In summary, the market appears soft due to increasing inventory, declining asking prices, and longer days on market. Supply is increasing while demand softens, creating a buyers market overall. I would give the King Air 350 a B to market rating.
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Or Contact Katherine Minnehan-Hammons Directly at
COMING SOON...
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