Value of Items Sold at Auction to Reach $269.6 Billion in 2007

Filed as: Updates 
Posted on: Friday, October 19th, 2007

The National Auctioneers Association (NAA) announced today that the auction industry continues to grow.  The 2007 projected number is a healthy 5% increase from 2006 when the value of goods and services sold at auction was $257.2 billion.  One of the fastest growing areas was residential real estate with 3.1% estimated growth.  Commercial and industrial real estate is growing at a 2.9% rate.  Total 2006 revenues for real estate sold at auction include Residential ($16.0 billion), Commercial/Industrial ($15.0 billion), and Land/Agricultural ($25.3 billion).  For more information, view the official press release from the NAA.

We routinely sell real estate at auction across the Twin Cities and Central Minnesota.  Rather than taking a wait and sell approach that is common with traditional listings, ask us how we can put an active marketing campaign to work for you.  If you’d like additional information about how we can market your real estate, please contact our office.