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Auctions Continue growth in 2008!

The results of the industry’s mid-year report to the members of the National auctioneers Association reported that gross sales would grow 2.3% in 2008. The 2.3% growth during the first half will result in estimated gross sales of goods and services sold at live auctions totaling $276.8 billion. This will conclude six consecutive years of growth within the industry. In 7007 the live auction industry grew 5.3% to over $270 billion.

The fastest growing sector of the live auction industry is real estate auctions. This includes residential, commercial/industrial, and land /agricultural. In 2007 the auction industry sold about $58.5 billion in real estate assets. Total sales growth within residential real estate auctions has grown 46.6% between 2003 and 2007.

“While auctioneers have witnessed a tremendous growth in real estate auction sales over the past five years, auctioneers are witnessing more challenges in today’s housing market,” said president Tommy Williams, CIA. Auctions set the market value and sellers are uneasy with the realization that their property is only worth what the consumer is willing to pay and are concerned about a loss in their properties market value. In addition to seller apprehension, today’s buyers are concerned with purchasing assets in an uncertain economy and do not see eye-to-eye with sellers on the true market value of their property”.

The findings were gathered by MORPACE International. A study is commissioned by the NAA to document the growth of the auction industry.

National Auctioneers Association

  AFFILIATES
    
     Evans J. Carter (Attorney, MA)
    
     Dan Landry (Loan Specialist)
 
 

Principle Boston Office

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David Berman
Our Promise
  • To provide professional services based on honesty and integrity.
  • To continually enhance our knowledge and skills through active participation in real estate and auctioning continuing education programs.

 

Experience..

Berman Real Estate and Auctioning Inc. has been marketing real estate since 1965.
During that time it has marketed thousands of commercial and residential real estate properties.

As a member of both the National Auctioneers Association and National Association of Realtors®, Berman is able to work with fellow auctioneers and Realtors® throughout the entire country.

Our years as Realtors® and auctioneers has given us the knowledge and experience to offer a innovative and effective real estate marketing system that combines auctioning with the existing MLS system. It can provide the best possible service from both proven systems at no additional cost.

Other experience includes organizing and conducting personal property, and charity/benefit auctions.

The affiliated, Richard Berman School of Auctioning for Real Estate is accredited by the NH Real Estate Commission for continuing education credits.

Professional Organizations.

  • Vice President, New Hampshire Board of Auctioneers
  • National Association of Auctioneers
  • National Association of Realtors
  • NH Association of Auctioneers
  • MA Association of Auctioneers                                    
  • Greater Manchester/Nashua Board of Realtors
  • Toastmasters International

 

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