I think you're right, James! There are signs that the economy is slowing down a bit. The housing market is one indicator, with new construction down from last year, sale prices peaked out, mortgage rates climbing again, and some talk of asking prices coming down .... in some areas they already have! New car and boat sales and other high ticket items are also down compared to last year.
Whenever people start worrying about money and the cost of essentials, sales of luxury items slows down, eventually bringing prices down. I am surprised that used aircraft prices are down so soon though, usually droping more slowly than higher volume markets! Then again, the lower end prices of small aircraft are more volatile than higher end prices, too.
