Porsche 911S (LWB) Market Analysis — September 2026
Executive Summary
The market for the Porsche 911S (LWB) from 1969 to 1973 is currently experiencing a depreciation trend, with a year-over-year price change of -6.1%. The average asking price for active listings is $203,105, indicating a potential opportunity for buyers to negotiate lower prices.
Market Snapshot
- Current inventory: 121 active listings
- Median asking price: $114,555 (historical median: $107,006)
- Price trend: depreciating (-6.1% YoY)
- Market velocity: 79 days average time on market
PRICE TRENDS & APPRECIATION
The quarterly trends indicate a declining market, particularly notable in the most recent quarters. For instance, the median price in 2026-Q2 was $91,340, down from $120,400 in 2025-Q1, reflecting a significant decrease in value. The average price in 2026-Q3 is $152,220, which is still lower than the average price of $278,105 in 2025-Q1. This suggests that while there are fluctuations, the overall trend is downward.
Auction Market Dynamics
The sell-through rate stands at 81.2%, with 530 vehicles sold out of 646 total auction attempts. The median price for sold vehicles is $113,167, while the median high bid is $85,902, indicating a reserve gap where sellers may have unrealistic expectations. The high number of unsold vehicles (16) and the significant difference between sold and high bid prices suggest that buyers are willing to pay less than what sellers are asking.
Configuration Value Guide
The body style breakdown shows that the Targa configuration has an average price of $104,155, while Cabriolets average $53,998, and Coupes average $75,220. The 1973 model year commands the highest average price at $309,119, indicating that buyers are willing to pay a premium for this year. In contrast, the 1971 model year has a significantly lower average price of $99,343, suggesting that certain years and configurations are more desirable.
Mileage Impact
Mileage significantly impacts pricing, with vehicles under 50,000 miles averaging $289,346, while those over 100,000 miles average only $56,373. This indicates that buyers are willing to pay a premium of approximately $232,973 for low-mileage vehicles, highlighting the importance of mileage in valuation.
Regional Pricing
Geographic distribution reveals that the West region has the highest average price at $121,676, while the South averages $207,470. The Midwest and Northeast regions have lower average prices at $224,117 and $95,400, respectively. This suggests potential arbitrage opportunities for buyers in regions with lower average prices.
Market Health Indicators
The average days on market is 79, with 11 new listings this week and 32 listings experiencing price reductions. This indicates a relatively slow-moving market, with many sellers adjusting their prices downward to attract buyers. The high number of price reductions suggests soft demand, which may provide leverage for buyers.
Investment Outlook
Given the current trend direction of depreciation and the recent quarterly trends, this asset class appears to be in a holding pattern. While there may be opportunities for short-term gains, the overall market sentiment suggests caution for long-term investment.
Buying Recommendations
Potential buyers should focus on the 1973 model year, particularly in the Targa configuration, as it commands the highest prices and is likely to retain value better than others. Target price ranges should be below the current median asking price of $114,555, especially for vehicles with higher mileage. Buyers should also be prepared to negotiate based on the observed reserve gap in auction outcomes, aiming for bids closer to the median high bid of $85,902.
This analysis is generated from CarSearch.Pro's market database (762 historical sales, 121 active listings across 14 marketplaces) and refreshed automatically. It is market commentary, not financial advice.