Forty-seven percent of auctioneers responding in a recent survey reported an increase in gross sales receipts in the first three quarters of 2007, with thirty-one percent reporting no change in sale receipts, compared to the previous year. This according to the National Auctioneers Association (NAA) third-quarter survey conducted by Morpace Inc.

The NAA projects 2007 gross sales receipts of $269.6 billion, up from 2006 totals of $257.2 billion. Gross revenues in the first three quarters of 2007 have increased nearly 5% from the same time period one year ago.

Residential real estate auctions continue to be one of the fastest growing segments of the live auction industry with an estimated growth of 3.1% since the end of the second quarter. During this same period, commercial and industrial real estate auction has grown 2.9%.

Thirty-seven percent of real estate auctioneers surveyed reported an increase in real estate auctions, with thirty-two percent reporting no change. Total real estate revenues for 2006 include: Residential Real Estate ($16.0 billion), Commercial/Industrial ($15.0 billion), and Land/Agricultural ($25.3 billion).

http://www.auctioneers.org