There are currently four aircraft actively for sale globally, which represents 3.7% of the total in-operation fleet. For those evaluating this inventory, the average asking price across available aircraft is approximately $3.1 million. In terms of transactional velocity, timing has lengthened year over year. The average time it takes for an available aircraft to transition to a new owner, the days on market, is currently 493 days. This is not as concerning as it may appear on the surface. The days on market continues to be negatively impacted by a couple of stagnant listings that remain on the market. Transactional volume is low, but has remained consistent. Looking back at the historical trends, retail sales have seen a steady rhythm, logging an average of just over 1 transaction per month. The continuous buying activity and low turnover have successfully maintained a strong market, giving us a current absorption rate between 3 and 4 months. In summary, this remains a seller's market. Demand is healthy and quality options are moving quickly. I would give this market an A demand rating.
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Inventory levels have decreased 11% from a year ago, and overall levels remain moderate at 7.3%. Prices are increasing slightly. The average asking price is up 3% since the same time last year. TBM 900s are selling at a much slower pace. The days-on market has increased 49% from this time last year. There have been 14 retail sales over the past 12 months, with three occurring since the beginning of the year. The vintages of aircraft that have sold over the last few months range from 2014 to 2015 models. Based on the recent supply and demand trends, there's currently just under seven months of inventory on the market for sale. In summary, this market is still strong despite a big increase in days on market. Inventory levels are moderate. Overall, I'd categorize the TBM 900 market as a seller's market and give it a B demand rating.
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Inventory levels have decreased 50% from a year ago, and overall levels are down to just 4.6%. The short-term trend is also positive, with inventory down from 8 to 5 units since Q1. Prices are increasing. The average asking price is up 5% since this time last year. TBM 900s are selling at a slower pace by the numbers. The days on market has increased 120 percent from this time last year. This is heavily skewed, however, by a couple airplanes that have been on the market for a very long time. There have been 17 retail sales over the past 12 months and most TBM 900s are moving quickly on the used market. Based on recent supply and demand trends, there's currently just under 4 months of inventory on the market for sale. In summary, this market is strong and improving. The high days on market number is not a concern as it's caused by a couple of stagnant listings. Inventory levels are low with limited quality options. Overall, I'd categorize the TBM 900 market as a seller's market and give it an A demand rating.
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