Fleet Size & Availability
The Citation M2 fleet currently (as of March 18, 2026) stands at approximately 306 aircraft, with 25 aircraft actively for sale, including 12 off-market opportunities. This represents 8.2% of the fleet, continuing a clear downward trend from 35 aircraft for sale in September (11%), 31 in January, and 29 in February.
This steady contraction in available inventory, despite softer February transaction volume, signals that supply remains structurally constrained. Notably, nearly 45% of current availability is off-market, reinforcing that serious buyers are increasingly sourcing aircraft through relationships rather than relying solely on visible listings.
Market Listings
Current asking prices range from $3.395M to $5.25M, with the upper end continuing to be driven by newer serial numbers, lower time, and well-optioned and upgraded aircraft with strong pedigree.
Pricing has firmed in this market due to tightening of inventory, particularly in the first few hundred serial number aircraft (-800 to -0999). The upward movement in the lower end of the asking range (now ~$3.4M) reflects a firming pricing floor, particularly for earlier serial numbers. This suggests sellers are gaining confidence and that buyers are having to stretch further up-market to secure desirable aircraft.
Average days on market for active listings sits at 193 days, reinforcing that while inventory is tightening, not all aircraft are moving efficiently. For example, aircraft based outside the US are experiencing noticeably longer marketing times.
Sales Activity (Last 6 Months)
A total of 35 aircraft have traded over the past six months, including 9 off-market transactions, representing 11.4% of the fleet. Sold prices ranged from $2.0M to $4.75M, maintaining consistency with prior months.
Transaction velocity peaked in October and November (8 sales each), moderated through December and January (7 each), and declined to 3 transactions in February. While this appears to be a slowdown, it has not translated into rising inventory. The February slowdown to 3 transactions appears less demand-driven and more a function of limited high-quality inventory available to transact. With fewer desirable aircraft entering the market, transaction volume is increasingly constrained by supply rather than buyer appetite.
Aircraft that did transact averaged 129 days on market, significantly outperforming the broader listing pool.
Key Takeaways
• Inventory continues to contract substantially, supporting a firm, and in some cases increasing, pricing environment
• The continued concentration of both listings and transactions off-market is increasingly a leading indicator of market tightness, as the most desirable aircraft are being placed before reaching the open market.
• Off-market activity remains elevated, accounting for a meaningful share of both supply and transactions
• February sales slowed, but without a corresponding rise in available inventory
• Execution gap persists: well-presented aircraft are trading ~25% faster than average listings
• Pricing discipline is critical as buyers remain selective despite reduced options
Key Insight
The Citation M2 market is in its strongest position in several years.
As visible supply contracts and the remaining listings skew toward less desirable aircraft, the market is increasingly favoring sellers of well-positioned assets and buyers with access to off-market opportunities.
