Over the past year, aircraft inventory has decreased 33%, indicating tightening supply and a controlled decrease in inventory. Average asking prices have declined 15% over the past year, signaling softening pricing to help the market realign with buyer expectations.
Average days on market have decreased 16%, indicating aircraft are selling faster than last year and is a positive sign that buyers are engaging when prices align with expectations. With 16 retail sales in the past year, transaction volume remains modest with bursts of demand, suggesting that buyers are actively buying but selective. With a 9.8 month absorption rate, the aircraft market appears relatively balanced with a sales pace under a year due to less days on market and lower average asking prices. In summary, this is a soft to stabilizing market due to price adjustments and decreasing days on market. Tightening supply and improving demand makes this a slight buyer's leaning market that is trending towards balanced. Overall, I would give the Premier I a B market demand rating.
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