Market Reports

Citation Mustang Market Update August 2024

August 2024 Citation Mustang Market Report - The Jet Agent

The Citation Mustang fleet currently includes 472 aircraft, with 27 available for sale—about 5.7% of the total fleet. That’s a slight drop from last month when 31 Mustangs were up for grabs, making this the lowest number of listings since September 2023, when 26 were available.

These 27 Mustangs have been on the market for an average of 184 days, up from 171 days last month. It seems fewer new listings are popping up, which has nudged the average days-on-market (DOM) a bit higher. If you’re in the market, you’ll find asking prices ranging from $1,050,000 to $3,500,000, offering plenty of choices depending on what you’re looking for.

On the sales front, July saw 5 Mustangs finding new homes, down from 12 in June. Over the last six months, 46 Mustangs have been sold, with 19 of those deals happening off-market. If you’re curious about timing, it’s taken about 135 days on average to close a deal in the last six months, just a tad longer than last month’s 127-day average. The sold prices for these Mustangs have ranged from $545,000 to $2,670,000, reflecting the variety of options and conditions available within the market.

If you are interested in buying or selling an aircraft, or are just interested in learning more about the Citation markets, contact The Jet Agent today and let our team of experts share our insights with you.

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