Is This a Temporary Turbulence or the Start of a Bumpy Ride? Airpark Inventory Surges—What It Means for Buyers

As a veteran of the aviation real estate industry with over 30 years of experience, I—Erik McCormick—am witnessing something remarkable: a surge in airpark home and hangar inventory not seen since 2008. But unlike the market collapse of the Great Recession, this time is different. There are plenty of active buyers out there, yet many seem hesitant to push the throttle forward. So, why is this happening, and what does it mean for you?

The Ups and Downs of Real Estate

Real estate has always been a market of cycles. From the dramatic crashes of the Great Depression to the booms of the postwar era, property values have experienced their share of ups and downs. The 2008 financial crisis was a particularly rough patch, but as history shows, real estate has consistently trended upward over the long term. Inflation, population growth, and land scarcity have all contributed to this upward trajectory.

Aviation Real Estate: A Unique Market

Aviation real estate—especially airpark properties—has historically been somewhat insulated from the wild swings of the traditional market. The unique appeal of living on an airpark, with direct runway access and a tight-knit community of pilots, creates a loyal and resilient buyer pool. Even during broader downturns, these properties have often held their value better than conventional homes.

National Trends and Current Opportunities

Nationally, the U.S. residential real estate market has nearly doubled in value since 2012, driven by limited supply and strong demand. In the aviation sector, we’re seeing a rare increase in inventory—more listings than at any time in the past 17 years. This presents a unique opportunity for buyers. With more options available and motivated sellers, now could be the ideal time to make a move.

Why Are Buyers Hesitating?

Despite the surge in inventory, many buyers are waiting on the sidelines. Some are hoping for lower interest rates, while others are searching for the perfect property or waiting for a clearer market signal. But history teaches us that real estate always recovers and continues to climb. Those who act during periods of increased inventory—before the next cycle of price appreciation—are often rewarded in the long run.

Is Now the Right Time to Buy?

For anyone considering an airpark home or hangar, this is a rare window of opportunity. Inventory is high, sellers are motivated, and the fundamentals of aviation real estate remain strong. While the market may experience turbulence, the long-term outlook is positive. Real estate markets may go up and down, but over time, they always go up.

If you’ve ever dreamed of living on an airpark, now might be your smoothest landing yet. The runway is clear—are you ready to take off?

Erik McCormick - Aviation Real Estate Specialist Founder

About the Author:

Erik McCormick is a recognized leader in aviation real estate with over 30 years of experience specializing in aircraft hangar sales, airpark runway home sales, private ranches and farms with runways, and commercial aircraft hangar leases nationwide. Known for his deep expertise and commitment to clients, Erik is dedicated to helping aviation enthusiasts and investors achieve their dreams of airpark living.