Nikon Z floor cracks again: 5 deals (June 5)

The Nikon Z 24-70mm f/4 S didn't just hold yesterday's first-ever sub-$400 price — it dropped another $25 overnight. At $374, this is the fastest-moving lens floor on MPB this week, and the expanding inventory (42 → 44 units) means the drop is supply-driven, not a one-unit anomaly. Nikon Z is the day's headline.

Fujifilm X keeps its own streak alive. The X-H2 logs its fourth consecutive session at $1,509 with 26 units on hand — the textbook "confirmed buy" signal this radar uses. The XF 35mm f/2 WR holds its new $249 all-time low with 71 units, deepest inventory in the entire Fuji X watchlist.

Two windows from yesterday are now shut. The Canon RF 35mm f/1.8 Macro's $344 flash crash lasted 24 hours — it's back at $384. The Sony A7R V's 7-day ATL at $2,069 ended with a $400 spike to $2,469. Neither is worth featuring today.

Panasonic L stays quietly reliable: the S5 II hits Day 7 at $1,419, and steady-floor deals are still deals.

6-month range: $374–$484. Floor dropped $25 overnight (−6.3%), one day after breaking below $400 for the first time. Inventory expanded from 42 to 44 units. New all-time low, confirmed. 1

The Z 24-70mm f/4 S (Nikon's collapsible constant-aperture standard zoom for Z-mount, optical stabilization, 67mm filter thread) retails new around $799 — $374 is 53% off. First-page listings sort to Like New ($484) and Excellent ($469–$479); the $374 floor unit is likely Good or Well Used grade, so verify the specific SKU before ordering. The +2 unit increase alongside the price drop is a supply-side signal: trade-ins are flowing in faster than buyers are taking them out.

Pair it with: Nikon Z5 at $629 (Pick 5 below) — $1,003 for a full-frame Z-mount kit. 2

Verdict: High-confidence buy. $374 is the lowest this lens has ever traded on MPB, and the momentum points down, not up. If you're on Z-mount and have been waiting for a standard zoom, this is the signal.

6-month range: $1,509–$1,799. Floor unchanged, Day 4. Inventory up 1 to 26 units. 3

Four straight sessions at the same floor with no inventory drain is the strongest buy signal this channel produces. The X-H2 (Fujifilm's 40.2MP X-Trans CMOS 5 HR APS-C flagship, 8K open-gate recording, CFexpress Type B slot, 5-axis IBIS, weather sealing) retails new around $1,999 — $1,509 is a 24.5% discount. Visible first-page units are $1,699–$1,799 (Like New) and $1,699–$1,709 (Excellent); the $1,509 floor unit is likely Good or Well Used. Ask MPB for the shutter count before committing.

The X-T5 floor is currently $1,519 — only $10 above the X-H2 — but the X-T5 lacks CFexpress, 8K video, and the X-H2's higher-resolution EVF. At a $10 premium difference, the X-H2 is the more capable body. 4

Pair it with: Fujifilm XF 35mm f/2 WR at $249 (Pick 3) — $1,758 for a weather-sealed 40MP X-mount kit, both items at simultaneous all-time lows.

Verdict: High-confidence buy. Day 4 confirmation with 26 units is the clearest signal on the board.

6-month range: $249–$364. Floor unchanged, Day 2 ATL. Prior floor (June 3): $269. Inventory expanded from 67 to 71 units (+4). 5

Seventy-one units is the deepest inventory count in the entire Fuji X watchlist — at this depth, the floor is more likely to soften further than snap back. The XF 35mm f/2 WR (Fujifilm's compact weather-resistant 35mm prime for X-mount, equivalent to ~53mm full-frame) retails new around $449; $249 is 44.5% off. Visible units are Like New ($354–$364) and Excellent ($354–$359); the $249 floor unit is almost certainly Good grade. No model-level defects, and the WR spec pairs naturally with the X-H2.

Pair it with: Fujifilm X-H2 at $1,509 (Pick 2) — total kit $1,758, both at verified all-time lows simultaneously.

Verdict: Buy. Seventy-one units means zero rush, but $249 is the lowest this lens has traded on MPB and the inventory trend points to the floor holding or falling.

6-month range: $1,419–$1,509. Floor unchanged, Day 7. Inventory up 1 to 18 units. 6

Seven days at the same floor is the most reliable signal on this radar. The S5 II (Panasonic's full-frame L-mount hybrid, 6K open-gate recording, phase-detect AF, 5-axis IBIS — the first Lumix S body with PDAF) retails new around $1,997. $1,419 is a 29% discount for a current-generation full-frame camera. One Excellent unit at $1,469 includes the V-Log gamma upgrade (sold separately for around $200 new) — worth checking if video is part of the plan. Eighteen units with steady turnover suggests $1,419 is equilibrium, not a floor about to crack.

Pair it with: Lumix S 50mm f/1.8 (L-mount) — available on MPB in the $249 range, a sharp, lightweight prime that doesn't undercut the S5 II's full-frame advantage.

Verdict: Buy with confidence. Seven-day confirmed floor with healthy stock. This is the best-value full-frame hybrid on MPB right now for buyers who want PDAF and IBIS in one body under $1,500.

6-month range: $629–$749. Floor unchanged, Day 3 stable. Inventory unchanged at 24 units. 2

Three consecutive sessions at $629 with stable inventory is the entry-level full-frame confirmation this radar has been building toward. The Z5 (Nikon's 24.3MP full-frame Z-mount mirrorless, 5-axis IBIS, dual-card slots, weather sealing) retails new around $999 — $629 is a 37% discount and currently the cheapest full-frame mirrorless body on MPB. First-page visible units are Like New ($729–$739) and Excellent ($734–$749); the $629 floor unit is a lower grade. Shutter count is undisclosed — contact MPB if actuations matter. The Z5 lacks a fully articulating screen and crops 4K, but for stills-first Z-mount shooters, the price-to-sensor math is hard to argue with.

Pair it with: Nikon Z 24-70mm f/4 S at $374 (Pick 1) — $1,003 for a full-frame Z-mount travel kit at simultaneous all-time lows across both items.

Verdict: High-confidence buy. Cheapest full-frame body on MPB, three-day confirmed floor, 24 units. If you want full-frame Z-mount without stretching to a Z6 III, this is the entry point.

X-T4 — Set an alert: Floor holds at $1,029 but inventory surged from 8 to 14 units over 48 hours (+75%). 7 That velocity often precedes a floor crack — sub-$1,000 may arrive within days.

Nikon Z 28mm f/2.8 at $154 — ATL Day 5: 14 units, floor holding. 8 The cheapest native Z-mount prime on MPB; pairs with the Z5 for a $783 compact kit.

Sony A7R V — Wait: Floor spiked from $2,069 to $2,469 (+$400, +19.3%) as the cheap batch sold through. 9 The 7-day ATL window is definitively closed.

Panasonic S1R II at $2,559 — Watch: All 9 units Like New; floor unchanged. 10 44MP, 8K video, current-gen L-mount. Not a bargain floor, but a reasonable entry point if the body is already on your list.