Let's start with a look at current supply and pricing. There are currently 22 aircraft actively for sale globally, which represents 22.7% of the in-operation fleet. Equating this inventory, the average asking price across available aircraft stands at approximately $4.25 million. In terms of transactional velocity, timing has accelerated. The average time it takes for an available aircraft to transition to a new owner a day's on market is currently 142 days. That's a clear sign demand for this aircraft remains strong. Buyer demand has shown up in the transaction count as well. Looking back at the historical trends, retail sales have logged just over 3.6 transactions per month, with a peak of 9 aircraft in December because most Furies are still selling new through the factory, only six of this year's 43 transactions were pre-owned resales, and that thin comparison pool is giving us a current absorption rate of around 44 months. In summary, this remains a young, in-demand aircraft and continued strong factory demand is helping to prop up pre-owned M700 Fury values. This market is leaning towards a seller's market and I would give it an A demand rating.
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Over the past year, M700 FURY inventory levels have been on the rise, up 12 aircraft from a year ago. As Piper continues to crank these aircraft through production, these numbers will begin to normalize. Prices have seen just a slight pullback to 2% less than that of a year ago. FURYs are selling at a slower pace than this time last year. The days on market have increased 53% from this time last year. Again, as these aircraft continue to enter service, this number will normalize, which we are already beginning to see. There have been 39 retail sales over the past 12 months, which represents about half of the 80 or so M700 FURYs in operation, although only 4 were pre-owned. Based on the recent supply and demand trends, there's currently about 54 months of inventory on the market for sale, but again, this is highly skewed by the fact that majority of the transactions in this market are, in fact, not pre-owned. In summary, this market is developing. As the fleet grows and builds time, most of these market evaluation numbers will stabilize, giving a clearer indication on market conditions.
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There are 17 aircraft currently for sale, up 183% from a year ago. That is a big jump, but it reflects early owners starting to sell which is a normal part of how any model secondary market develops. It does not mean buyers have stopped wanting the aircraft. Pricing is at $4.3 million which is flat over the past year. No meaningful price decline despite the inventory increase. Velocity, 131 days on market, up 31%. number that gets misread most often. Five pre-owned sales in 12 months. Total Fury sales last year were 42. The aircraft sold repeatedly, just mostly new. Absorption rate at 40.5 months on the pre-owned side reflects one thing more than anything else, just that it's a young market.
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