The number of business jets available on the market is continuing to slowly increase, according to the latest report from Jefferies Equity Research. The 922 available aircraft this month represented a 59 percent rise from the near-record lows seen a year ago, with inventory now accounting for 3.6 percent of the total fleet, including all models and vintages.

According to Jefferies’ analysts, that inventory is still well below the five-year average of 5.6 percent. For aircraft currently in production or out of production for less than seven years, inventory increased by 93 percent year-over-year, standing at 2.9 percent of that segment.

While the number of aircraft on market has increased, so too has the pricing in many cases. The report also noted that average asking prices rose 15 percent from a year ago across most manufacturers, led by Cessna and Embraer (+23 percent). Bombardier (+20 percent), and Dassault Falcon (+14 percent).

Among the major five OEMs, only Gulfstream saw a drop in asking prices, which fell 6 percent. The report stated there were 17 G650s for sale with an average price of $49.4 million, a slight decline from the $51.5 million average last year. For the G550, inventory jumped from three in 2022 to 18 this year, or nearly 3 percent of the model produced, with the average list price down by 32 percent year-over-year.