OVERLAND PARK, Kan.--(BUSINESS WIRE)--The National Auctioneers Association, the world’s largest professional association representing the interests of Auctioneers, recently launched a multiple listing service (MLS) designed specifically for real estate auctions. As consumer interest in auctions grows, consumers are turning to auctions to buy and sell real estate. The newly launched website, www.naarealestateauctions.com, provides consumers with up-to-date information on real estate auctions taking place in their area. Consumers can utilize the website to view residential, commercial, agricultural, and time share real estate scheduled to be sold at auction.
“The creation of the NAA Real Estate Auction MLS provides consumers with a convenient approach to researching upcoming auctions,” said NAA president Tommy Williams. “In addition to traditional marketing campaigns promoting upcoming auctions, auctioneers and their clients now have the ability to market their sale to a larger audience of prospective bidders.”
Residential real estate auction is the fastest growing segment of the auction industry. Between 2003 and 2006, gross revenue of residential real estate sold at auction has increased 39%. In 2006, over $16 billion was sold in residential real estate. In addition to residential real estate auctions, over $25 billion was sold in land/agricultural real estate and $15 billion in commercial/industrial real estate in 2006.
About the NAA
Headquartered in Overland Park, Kansas, the National Auctioneers Association (NAA) represents the interests of approximately 6,000 auctioneers in the United States, Canada and across the world. Founded in 1949, the mission of the NAA is to promote the auction method of marketing and enhancing the professionalism of its members through education and technology. In 2006, the auction industry grew by 7.1% with over $257 billion in goods and services sold. To learn more about Auctioneers, auctions and the NAA visit: www.auctioneers.org.