Fleet Size and Availability
There are 27 Citation Sovereigns for sale, including 1 off-market listing, representing 8.1% of the active fleet. Inventory rebounded from June’s low of 25 units, returning to levels seen earlier in the year.
Market Listings
Asking prices range from $3,250,000 to $9,250,000, with listings averaging 198 days on market. This moderate DOM suggests the market is active but not overly aggressive, with some higher-priced listings taking longer to place.
Sales Activity
In the past six months, 21 Sovereigns sold, including 5 off-market transactions, with sale prices between $1,850,000 and $8,700,000. Sold aircraft averaged 225 days on market, indicating that even successfully transacted units are taking a considerable time to close.
Key Takeaways
• Inventory rose back to 27 units in July, matching prior highs for the year.
• Sales volume has softened, with only 1 recorded sale in July following 4 in June.
• Average days on market for sold aircraft is notably higher than for active listings, reflecting longer transaction cycles in this segment.
• Pricing remains broad, accommodating a wide variety of equipment, pedigree, and usage profiles.
• The rebound in supply may give buyers more leverage in negotiations over the coming months.
Key Insight
The Sovereign market is showing increased inventory alongside slowing sales, suggesting a shift toward more buyer-friendly conditions. Sellers should be prepared for extended marketing periods and may need to adjust expectations or enhance aircraft presentation to remain competitive.
