Auctions gaining popularity

Published July 11, 2007 4:00am ET



Sellers have a new weapon in the housing market.

The auction of residential real estate property is becoming a more mainstream choice to quickly move property. Countering a slow market ? June figures by Metropolitan Regional Systems Inc. indicate that property takes an average of 82 days to sell in the region ? auctions help sellers avert the waiting game while maintaining control of the sale price.

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