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 has declined, and demand is holding relatively strong as we head into the first quarter of 2026. There are 19 listings in this market, which is down from 22 the quarter prior. Currently 9.4% of the active fleet is listed for sale, the lowest since Q1 2025. Transactions cooled off from the strong Q3, but the fourth quarter still managed seven sales, well above the four sales that traded at the end of 2024. Pricing has declined, but only slightly, as quality, domestic options aren’t overly abundant. With declining inventory and steady demand, this market remains balanced for buyers and sellers.
Lear 60XR inventory has dropped to the lowest level we’ve seen in more than two years. Ten listings remain in this market, down from 14 last quarter and the peak of 18 listings during Q2 2025. 8.9% of the active fleet is for sale, which is the lowest level since Q2 2023. Activity surged during the fourth quarter with nine sales taking place, the most we’ve seen in recent years. Pricing took a pretty good hit during the first six month of 2025, but has stabilized since. With declining inventory and steady pricing, this market is considered balanced for buyers and sellers.
Lear 75 inventory has been cut in half, and transactions have doubled as we close out 2025. There are only six listings left in this market, down from 12 from the prior quarter. Inventory had held steady for more than a year between 8-9% of the active fleet… but that is now down to under 5%. Eight Lear 75s traded during Q4, the most we’ve seen since Q4 of 2023. Pricing on average has declined, but most of that comes from the late models, as early model years seem to be holding their value well. With decreased inventory yet attractive pricing for later model years, this market remains balanced for buyers and sellers.
Hawker 800XP inventory has climbed for the third consecutive quarter as we make our way into 2026. There are currently 46 listings, which represents nearly 13% of the active fleet, the highest level in more than three years. It’s worth noting that even though inventory is much higher than a year ago, current levels aren’t too far off from the first half of 2024. Transactions
have been holding steady, with Q4 producing 12 sales, identical to a year ago. 2025 ended up with 51 transactions, which is well above the 37 that traded in 2023, but didn’t quite match last year’s activity level of 60 sales. Even with increased inventory, steady demand has kept pricing in check, with values holding steady for three quarters now. With elevated inventory, yet steady demand, this market remains balanced for buyers and sellers.
Hawker 850XP inventory has declined, and transactions are holding steady. There are now 10 listings in this market, down from 12 last quarter, and well below the 16 from Q1 2025. 10% of the active fleet is now for sale, the lowest since Q4 of 2023. After only 13 sales took place during all of 2024, 2025 picked up the pace with 19 closings, all spaced nice and evenly across the year. Pricing is holding remarkably steady, with very little movement going back to Q4 of 2024. With steady demand and pricing, this market continues to be balanced for buyers and sellers.
Hawker 900XP inventory has decreased by more than 25%, and demand remains strong. There are now 14 listings in this market, down from 19 in the prior quarter. 8% of the active fleet is listed, the lowest level since Q1 2025. Activity has been steady, with eight sales taking place during Q4…well above the four sales a year ago. 2025 ended with 29 transactions, more than double what traded during 2024. Pricing got beat up pretty good during the first part of the year, but values bounced back slightly during Q4. With good activity and steady pricing, this market is considered balanced for buyers and sellers.
Citation Excel inventory has climbed slightly, but demand is strong, and prices have increased as we head into 2026. There are now 17 Excels available, which is up from 15 last quarter, but still well below the 25 that were listed a year ago. The fourth quarter was active with 14 sales taking place, a significant increase from just five Q4 sales in 2024. This helped push 2025 to 36 sales on the year, compared to 22 in 2024. The lack of domestic, quality options has held pricing strong, with values showing a slight increase over the previous quarter. Even with a couple more listings, this market is still favorable for sellers.
The Citation XLS market remains red hot, with inventory depleted and prices continuing to rise. There are now only 7 listings in this market, down significantly from the 13 listed in Q3. Just 2.3% of the active fleet is listed, the lowest level since Q3 of 2023. Transactions surged in Q4 with 16 sales taking place, the most we’ve seen in recent years. As expected, this strong demand and lack of options has values climbing… with prices now back to 2022/2023 levels. With very few aircraft available and elevated pricing, this is a great time to sell your XLS.
After increasing slightly in Q3, XLS+ inventory has dropped significantly due to an active yearend. There are now 14 listings available in this market, down from 21 the prior quarter. 4.5% of the active fleet is listed, the lowest level since the end of 2024. The decrease in inventory comes from a remarkably busy Q4, where 19 sales took place. This is the most activity we’ve seen in the XLS+ market in many years. Values aren’t increasing as much as in the XLS market, but prices are holding strong and are up slightly in most model year ranges. With a lack of options and strong demand, this market remains favorable for sellers.
Sovereign and Sovereign+ inventory is down, and transactions are up as we round out what was a great year for these two markets. There are only 22 listings left, down from 32 in Q3. 5.1% of the active fleet remains for sale, which is the lowest level in two years. Along with depleted inventory, demand has surged as 23 aircraft were sold during Q4…the most in any quarter going back many years. As you can imagine, prices have strengthened, with values up for the second quarter in a row. With not many options to choose from, and buyers competing for airplanes, now is the best time to sell your Sovereign in recent years.
Citation X inventory has crept up a bit, but demand remains strong. There are now 19 listings in this market, up slightly from 17 last quarter, but well below the 24 listed a year ago. Transactions picked up in the fourth quarter with 17 sales taking place, the most we’ve seen in three years. 2025 ended up with 57 transactions, which blows away 2024’s total of just 31. This demand has kept prices firm for three consecutive quarters now, after taking a small drop at the start of 2025. With steady demand and ample inventory, this market remains balanced for buyers and sellers.
