Inventory is currently at nine aircraft per sale, which is down 18% from a year ago. just 7% of the active fleet is available, which is healthy. Supply has contracted while demand has held. Pricing reflects this. The average pricing is around $2.56 million, up $216,000 from 12 months ago, a 9% increase. On velocity, there's 2.2 aircraft selling per month or 26 total transactions in the last 12 months.
0:49 Days on market sits at 263 days but that number is being pulled by overpriced listings that have sat for a long time. That brings absorption rate to 5.1 months, meaning that if supply shut off today, it would take 5.1 months for demand to absorb the current supply. That is a seller's market by far. The average sits around a year. So, if you own the, so, if you own a Piper M500, the math is in your favor right now. Low inventory, rising prices, and active buyers.
COMING SOON...
Or Contact Kitchel Gifford Directly at
Over the past year, inventory levels have risen slightly, up 1 aircraft from a year ago. Prices have increased significantly to 21% more than that of a year ago. M500s are selling at a slightly slower pace than this time last year, with average days on market up 62 days. There have been 23 retail sales over the past 12 months, which represents 18.2% of the 126 in operation, with 19 of those being pre-owned aircraft. Based on the recent supply and demand trends, there's currently about 6 months of inventory on the market for sale. In summary, this market is strong. Prices are at a premium from a year ago, and demand for M500s remains high.
Or Contact Kitchel Gifford Directly at