"About $14.2 billion worth of residential real estate was sold through live auctions in 2005, up 8.4 percent from the 2004 level. Meanwhile, the value of land and agricultural real estate sold through live auction increased 7 percent in 2005 and the value of commercial and industrial real estate sold through auction grew 4.9 percent in 2005. The total number of auctions increased by about 5.2 percent in 2005 compared to 2004, the auction association also reported."
"The National Association of Realtors trade group is taking note. The association, which has 1.3 million members, sent its president-elect to speak at the National Association of Auctioneers conference in July to discuss ways that both groups can work together to benefit all members."
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