The Citation Mustang market enters October with a welcome increase in sales activity and a modest reduction in available inventory. There are currently 29 aircraft for sale, representing 6.2% of the fleet, while 23 retail transactions have been recorded over the past six months. September delivered six sales, the strongest monthly performance during the reporting period, following four consecutive months of three transactions each. Although this increase in activity is encouraging, average days on market remain elevated, suggesting that buyers continue to approach purchases selectively. With inventory declining from its summer highs, the market is showing signs of improved momentum heading into the final quarter of 2026.
Fleet Size and Availability
The Mustang market currently has 29 aircraft available for sale, including three off-market offerings, representing 6.2% of the fleet.
Inventory began the reporting period with 25 aircraft in April, increased to 27 in May and June, and reached 32 in July and August. September brought a reduction to 28 aircraft, with the current market reporting 29 available.
While availability remains slightly above spring levels, the recent decline from the summer peak is encouraging. Increased transaction activity during September may be helping absorb some of the inventory that accumulated earlier in the year.
Market Listings
Current asking prices range from $1.495 million to $3.095 million, while completed transactions over the past six months ranged from $1.1 million to $2.7 million.
Aircraft currently listed for sale average 208 days on market, compared with 167 days for aircraft sold during the reporting period. This 41-day difference suggests that aircraft successfully completing transactions have generally spent less time on the market than those still available.
The broad range of asking prices reflects differences in model year, aircraft condition, maintenance status, and equipment. Buyers have several options to consider, making competitive pricing and presentation important factors for sellers.
Sales Activity
Over the past six months, 23 Mustang aircraft have sold, including six off-market transactions, representing 4.9% of the fleet.
Monthly sales included five transactions in April, followed by three each in May, June, July, and August. September recorded six transactions, doubling the pace of each of the preceding four months.
This increase is a positive development after several months of consistent but relatively modest activity. While one strong month does not necessarily establish a lasting trend, September’s results demonstrate that buyers remain active when suitable opportunities become available.
Key Takeaways
• 29 aircraft are currently available, representing 6.2% of the fleet.
• Inventory declined from a summer peak of 32 aircraft to 28 in September.
• 23 retail transactions were recorded over the past six months, including six off-market sales.
• Asking prices range from $1.495 million to $3.095 million.
• Reported selling prices range from $1.1 million to $2.7 million.
• Current listings average 208 DOM, compared with 167 days for sold aircraft.
• September recorded six sales, the strongest monthly total in the reporting period.
Key Insight
The Citation Mustang market is showing encouraging signs of renewed buyer activity heading into the fourth quarter. September’s six completed transactions represent a meaningful improvement over the steady three-sale monthly pace observed throughout the summer. At the same time, inventory has moved below its July and August highs, suggesting a healthier balance between available aircraft and buyer demand.
However, with current listings averaging 208 days on market, sellers should recognize that increased activity does not guarantee a quick sale. Aircraft that are competitively priced, well-maintained, and properly presented are likely to be better positioned to attract serious buyers. For owners considering a sale before year-end, the recent improvement in transaction volume provides some encouragement, but realistic expectations regarding pricing and market exposure remain essential.
