Market Digest: October 31, 2025
Market trends and Leica sales from the past two weeks
Market trends and Leica sales from the past two weeks
Over the past two weeks, we analyzed 141 Leica camera sales across popular reseller platforms. Visit Summimarket for a visual representation of our growing database.
Let's dive into what's happening and what it means for your next purchase (or sale).
Q Series
The Q series showed resilience with modest price movements and strong transaction volume, particularly for the Q2 and Q3 models.
- Price range: $4,230 - $5,499 across 7 sales
- Average: $4,864
- Market change: Down 7.3%
- Premium positioning maintained with consistent demand
- Price range:$5,480 - $6,100 across 3 sales
- Average: $5,860
- Stable pricing on newer specialty model
- Price range: $2,472 - $4,399 across 10 sales
- Average: $3,425
- Market change: Up 1.3%
- Most active Q model with slight appreciation
- Price range: $3,500 - $4,399 across 4 sales
- Average: $3,962
- Market change: Down 3.2%
- Price range: $2,199 - $2,800 across 4 sales
- Average: $2,388
- Market change: Up 7.1%
- Strong performer among older Q models
Digital M Series
Digital M bodies showed the most significant price adjustments, with several flagship models experiencing double-digit declines from historical levels.
- Price range: $3,650 - $7,350 across 7 sales
- Average: $5,286
- Market change: Down 17.9%
- Wide price range reflects variation in condition and accessories
- Price range: $3,199 - $7,250 across 5 sales
- Average: $5,786
- Market change: Down 26.3%
- Steepest decline among all models, presenting strong buyer opportunity
- Price range: $3,700 - $4,700 across 5 sales
- Average: $4,060
- Market change: Down 2.5%
- Stable performer with modest price adjustment
- Price range: $1,660 - $2,700 across 3 sales
- Average: $2,170
- Market change: Down 24.2%
Film M Series
The film M series continues to dominate transaction volume, representing 44% of all sales in this period. However, most models showed modest price corrections compared to historical averages.
- Price range: $1,790 - $3,100 across 14 sales
- Average: $2,557
- Market change: Down 14.7%
- Top volume model this period, but showing meaningful price softening from historical highs
- Price range: $2,582 - $4,105 across 6 sales
- Average: $3,281
- Market change: Down 5.6%
- Price range: $1,275 - $1,700 across 6 sales
- Average: $1,484
- Market change: Down 8.1%
- High volatility (33% coefficient of variation) suggests condition-sensitive pricing
- Price range: $1,427 - $2,400 across 9 sales
- Average: $1,840
- Market change: Down 13.4%
- Price range: $1,026 - $1,950 across 13 sales
- Average: $1,497
- Market change: Down 5.7%
- Strong transaction volume indicates healthy market interest despite slight price decline
- Price range: $1,001 - $1,700 across 4 sales
- Average: $1,375
- Market change: Down 18.4%
- Notable price correction creating potential entry opportunities
- Price range: $4,165 - $4,371 across 5 sales
- Average: $4,279
- Market change: Up 3.1%
- One of few gainers this period, maintaining premium positioning
Hidden Market Trends
1. The Digital M Correction Creates Historic Buying Windows
The M11 and M11-P have experienced their steepest price declines since launch, dropping 18% and 26% respectively from historical averages. For buyers who've waited, this represents the best entry point into current-generation digital M bodies in over two years. The M11-P at $3,199 (lowest observed) approaches M10 pricing territory while offering triple resolution technology and improved handling.
2. The Q Series Shows Generational Stability
Unlike the turbulent digital M segment, Q series pricing demonstrates remarkable consistency. The Q2 actually appreciated 1.3% while the Q3 43mm held perfectly flat. The Q1 gained 7%, making it the period's second-best performer. This suggests the Q lineup has reached pricing equilibrium, making it a lower-risk entry point for new Leica buyers. The Q2's sweet spot around $3,400 offers excellent value for a full-featured modern Leica.
3. Thursday Emerges as Peak Sales Day
Sales activity peaked on Thursday with 29 transactions averaging $3,139. Monday followed with 24 sales at $3,553. The weekend (Saturday/Sunday) showed higher volume but lower average prices ($3,066/$2,836), suggesting bargain hunters dominate weekend shopping while serious collectors browse mid-week. Strategic sellers should consider Thursday-Monday listings for premium items.
Quick Shots
⚡️ Leica announced the M EV1 on October 23rd – the first M-mount camera with an integrated 5.76-million-dot electronic viewfinder rather than a rangefinder, based on the M11-P platform with a 60MP sensor aimed at making the M system more accessible to mirrorless photographers.
🔴 Released alongside the M EV1, firmware 2.6.0 for all M11 variants introduces custom white balance adjustment, enhanced lens detection with manual override for 6-bit coded lenses, Leica FOTOS app control for dust protection, and fixes for exposure bracketing and image alignment bugs.
🎞️ Adobe's Lightroom Classic 15.0 update now supports native tethering for the Leica SL3, SL3-S, Q3, and Q3 43 cameras, eliminating the need for third-party solutions and streamlining studio workflows.
Have a Leica collecting dust? For a limited time, Summimarket is offering free listings with the ability to set a reserve. Drop us a line or learn more on our website.
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