Fleet Size and Availability
There are 8 Citation Latitudes for sale, representing 1.8% of the active fleet. Inventory has grown steadily from a low of 3 units in April, reaching its highest level in the past six months.
Market Listings
Current asking prices range from $13,995,000 to $18,795,000, with listings averaging 84 days on market. The relatively short DOM suggests that newer inventory is entering the market and has yet to age significantly due to brisk sales.
Sales Activity
In the last six months, 4 Latitudes sold, including 1 off-market transaction, with sale prices between $13,500,000 and $13,600,001. Sold aircraft averaged 216 days on market, reflecting that older listings are still taking longer to transact.
Key Takeaways
• Inventory has risen for three consecutive months, more than doubling since May.
• Sales volume remains low, with only one aircraft sold in the last three months.
• Asking prices remain at the higher end of the market, with minimal gap between asking and sold prices.
• Newer listings are bringing down average days on market for active inventory, though sold aircraft DOM remains high.
• The widening gap between inventory growth and sales pace, if it continues, could create headwinds for sellers in the coming months.
Key Insight
The Citation Latitude market is showing signs of transitioning from a tight-supply environment towards a more balanced state, with inventory growth outpacing recent sales. Sellers should monitor this shift closely, as sustained supply increases without stronger demand could begin to pressure pricing in the near term.
