Inventory remained essentially flat over the past year, indicating a balanced supply with little change in available aircraft on the market. Average asking prices have declined 6% over the past year, signaling weakening processing power and softer market conditions despite stable inventory. Aircraft are selling faster compared to last year with days on market down 8% indicating improved buyer engagement and quicker deal flow. A total of 13 aircraft sold over the past year suggesting modest, but uneven sales activity with periodic spikes. An absorption rate of 13 months shows a fairly balanced, but slightly buyer-leaning market where it would take just over a year to sell inventory at the current sales pace. In summary, this is a moderately soft market due to price softening and a slow absorption rate. Supply remains stable with moderate demand, giving a slight buyer's advantage. Overall, I would give the King Air 300 a B market demand rating.
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