Let's start with a look at current supply and pricing. There are currently five aircraft actively for sale globally, which represents 2.6% of the total in-operation fleet. For those evaluating this inventory, the average asking price across available aircraft stands at approximately $5 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 107 days. This reflects a market where quality options are acted upon quickly, but both buyers and sellers are taking the necessary time for thorough pre-purchase due diligence. In line with that pacing, transactional volume has remained strong. Looking back at historical trends, retail sales have logged just over four transactions per month. Strong demand and limited supply have successfully maintained a strong market, giving us a current absorption rate of between three and four months. In summary, I would classify this as a seller's market. Pre-owned supply is still low and demand remains strong. I'm giving this market an A demand rating.
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Inventory levels have increased from a year ago, and overall levels are low at 4.5%. Prices are decreasing. The average asking price is down 6% since the same time last year. TBM 960s are selling at a slower pace. The days on market has increased 95% from this time last year, but it still sits at a very low 59 days. There have been 45 retail sales over the past 12 months, including factory new sales and used transactions. The vintages of aircraft that have sold over the past few months range from 2022 to 2026 models. Based on recent supply and demand trends, there's currently about 16 months of inventory on the market for sale. This number is skewed by the lack of inventory and transactions in the used market, as most sales have been factory new. This number should decrease over time, as used 960s start to transact more often. In summary, this market is strong. Inventory remains low, as more used inventory is introduced. Overall, I'd categorize the TBM 960 market as a seller's market, and give it an A demand rating.
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Inventory levels have increased from a year ago, and overall levels are low at 4.3%. Prices are decreasing. The average asking price is down 9% since the same time last year. TBM 960s are selling at a slower pace. The days-on-market has increased significantly from this time last year. The short-term trend also shows that an increase of 60 days since Q1. There have been 47 retail sales over the past 12 months, including factory new sales and used transactions. Based on the recent supply and demand trends, there's currently between 9 and 10 months of inventory on the market for sale. This number should continue to decrease over time as more used 960s transact. In summary, this market is strong. Inventory levels remain low as more used inventory is introduced. Large increases in inventory and days on market represent a normalization of this market, and not a sign of weakness. Overall, I'd categorize the TBM 960 market as a seller's market and give it an A demand rating.
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