Fleet Size and Availability
There are 24 Citation Sovereigns currently for sale, with 0 off-market listings, representing 7.1% of the fleet. Inventory has remained relatively stable, fluctuating modestly between 25–26 aircraft over the past six months.
Market Listings
The asking price range spans $3,250,000 to $7,900,000, with average days on market now at 203, a notable increase from last month.
Sales Activity
31 aircraft sold in the past six months, 9 of them off-market. The sold price range was $1,850,000 to $8,700,000, and sold aircraft spent an average of 176 days on market. However, only 2 aircraft sold in May, following a peak of 6 in April.
Key Takeaways
- Sales velocity slowed sharply in May after holding steady for several months.
- Inventory levels remain consistent, but buyer urgency may be waning.
- Wide pricing spread continues to reflect aircraft age and equipment variances.
- Average days on market have ticked upward, indicating longer lead times to close.
Key Insight
While the Sovereign market delivered strong cumulative sales volume this spring, May’s sudden slowdown paired with a rising time on market may signal a shift toward a more buyer-leveraged environment. Sellers should consider adjusting expectations, particularly in the mid-to-high price tiers.
