Lear 45XR, Lear 60XR, Lear 75, Hawker 800XP, Hawker 850XP, Hawker 900XP, Citation Excel, Citation XLS, Citation XLS+, Citation Sovereign, Citation X
Lear 45XR inventory is holding steady, and transactions are picking up as we move into the fourth quarter of 2025. There are 22 listings in this market, unchanged from the prior quarter. The first six months of the year only produced seven sales, but Q3 was busy with 10 transactions taking place. This is the most active quarter we’ve seen in this market going back many years. Pricing has held steady, with late-model, high-quality airplanes commanding a premium. With steady inventory and strong demand, this market is considered balanced for buyers and sellers.
Lear 60XR inventory has dropped back down to 2024 levels, and activity remains steady. There are now 14 aircraft for sale, down from 18 listings during Q2. Currently, 12.5% of the active fleet is for sale, equal to Q4 of 2024 levels. Three sales took place during Q3, matching Q1 and Q2’s combined transactions. Pricing has softened, with values dropping roughly $200k across all model years. With attractive pricing and ample inventory, this market remains favorable for buyers.
Lear 75 inventory remains stable, and transactions continue to take place. There are 12 listings in this market, similar to last quarter and quite frankly the prior year. After jumping from eight to eleven listings during Q3 of 2024, inventory has consistently remained between 8-9% of the active fleet. Four sales took place during the third quarter, which is the most activity we’ve seen in this market since Q1 of 2024. Pricing remains stable, especially for early models, whereas some of the better deals seem to be in the later model years. With steady inventory and pricing, this market is beneficial for both buyers and sellers.
Hawker 800XP inventory continues to climb as we head into the fourth quarter of 2025. There are currently 38 listings, which now represent over 10% of the active fleet. Inventory has been on a steady climb since the beginning of the year, when just 29 aircraft were for sale. Activity has also cooled off a bit, with Q3 producing 11 sales, down from 13 sales during Q2. If we look back a year ago, however, we are right on pace with 2024’s numbers. Pricing is holding steady, especially for low-time aircraft with the upgraded winglets. With plenty of inventory yet steady demand, this market remains balanced for buyers and sellers.
Hawker 850XP inventory, demand, and pricing are all holding steady. There are 12 listings in this market, similar to last quarter, and down four units from Q1. With the first quarter of 2025 being the outlier with elevated inventory, the number of listings in this market has been relatively stable, going back all the way to Q1 of 2024. Demand remains consistent, with four sales taking place during Q3. This makes 14 total transactions on the year, ahead of 2024’s pace of 11 sales by this time. Pricing is holding steady, as this market seems to have found its footing a little closer to 900XP values than in previous years. With steady inventory and pricing, this market remains balanced for buyers and sellers.
Hawker 900XP inventory has grown to the highest level in more than two years. There are now 19 aircraft for sale, up from just 15 last quarter. Current inventory levels represent nearly 11% of the active fleet, the most we’ve seen since Q2 of 2023. This increase in inventory did supplement an increase in activity, with nine sales taking place during Q3. If we combine that with the first half of 2025, 21 sales have taken place, significantly outpacing both 2023 and 2024. Pricing has held steady after dropping in both the previous two quarters. With lots of options to choose from, yet plenty of demand, this market is considered balanced for buyers and sellers.
Citation Excel Inventory has declined for the 2nd consecutive quarter, and transactions have picked up. There are now just 15 Excels available, down from 19 in the prior quarter. This represents 4.3% of the active fleet, the lowest we’ve seen since the first quarter of 2024. Along with dwindling inventory, transactions have picked up with Q3 producing nine transactions, which is well above the six sales during Q2. Values have come up a little bit, as buyers are paying a premium for aircraft fully enrolled in an engine program. With few options to choose from and strong demand, this market is favorable for sellers.
Citation XLS values have surged as inventory remains stable. There are now 13 aircraft available in this market, down just one listing from the prior quarter. Current levels represent 4.2% of the active fleet, which is even with some fluctuation near the two-year average in this market. Transactions slowed after a busy Q2, but don’t let that fool you with what’s going on behind the scenes in this market. Seven Q3 sales are behind the impressive 11 Q2 sales, but as sellers have increased their expectations, it’s taking buyers some time to adjust to the new pricing in this market. Values have increased $400k on average over the past 90 days, closing in on levels not seen since the pricing peak of 2022/2023. With prices increasing significantly due to incredible demand, this market is favoring sellers right now.
XLS+ inventory has increased, but activity remains strong. There are now 21 listings in this market, up from 18 last quarter. Current levels now represent nearly 7% of the active fleet, the highest we’ve seen in many years. It is worth noting that a good chunk of the XLS+’s currently listed are overseas, which is keeping demand high for domestic aircraft. Activity remains stable, as 12 aircraft traded hands in Q3, the same as Q2. That six-month period is the most active stretch we’ve seen in recent history. Pricing is holding firm, and even showing roughly a $100k bump over the past 90 days. With solid demand and strong pricing, this market is favorable for sellers.
Transactions have cooled off a bit in these two markets, but quality airplanes are becoming hard to find. Even though there are 32 listings between the Sovereign and Sovereign+ market, buyers are struggling to find quality, fully programmed domestic airplanes to meet their needs. This has taken its toll on transactions, as just 10 sales took place in Q3, down from 17 during the quarter prior. Values are holding steady and have even increased slightly in some model years. With both stable demand and supply, this market is considered balanced for buyers and sellers.
Citation X inventory has declined for the second consecutive quarter, but so have transactions. There are now 17 listings in this market, down from 20 the prior quarter, and well below the 28 X’s listed a year ago. Current levels now represent under 6% of the active fleet, the lowest since Q4 of 2023. Activity has been slowing steadily since the very active Q1 of 16 sales, as just 11 sales took place in Q3. It is worth noting that 2025’s combined transactions are up to a whopping 40, compared to a year ago, when just 22 Citation Xs had been sold by this time. Pricing is holding steady as inventory drops, and buyers are still gravitating towards late-model, low-time airplanes. With declining inventory and steady pricing, this market remains balanced for buyers and sellers
