NCJAR News
In recognition of Juneteenth National Independence Day, a federal holiday commemorating the end of slavery in the United States, NCJAR board office will be CLOSED on Friday, June 20, 2025.
Juneteenth is a time to reflect on our history, honor the legacy of freedom, and reaffirm our commitment to equality and justice for all.
Buying a home at auction can be an exciting—and sometimes lucrative—way to enter the real estate market. But before you raise your hand or click “bid,” it’s essential to understand how auctions work and what risks and rules come with the territory.
Whether you’re a first-time homebuyer or an experienced investor, NCJAR is here to help you navigate the auction process with confidence.
What Is a Real Estate Auction?
A real estate auction is a public sale where homes are sold to the highest bidder. These events can take place in person or online, and they often move quickly. Properties at auction may be foreclosures, bank-owned homes, or even voluntarily listed by sellers hoping to fast-track a sale.
Why Do Homes Go to Auction?
The National Association of REALTORS® (NAR) is the third pillar of your membership through the REALTOR® Three-Way Agreement—and it brings the power of unified national advocacy, cutting-edge tools, and global resources directly to your fingertips.
As a member of NAR, you’re part of the largest trade association in the U.S., representing more than 1.5 million REALTORS® and speaking with one voice to protect and promote the real estate profession.
What NAR Provides at the National Level:
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Federal Advocacy: NAR’s Government Affairs team lobbies in Washington, D.C. to protect private property rights, fight harmful regulation, and ensure real estate remains accessible and profitable.
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Industry Research & Data: NAR delivers trusted, timely market reports, economic outlooks, and housing data to help you make informed business decisions.
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Business Tools & Benefits: From the REALTORS® Federal Credit Union to discounts on tech, insurance, and travel, NAR adds tangible value to your membership.
U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-overyear to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity. Sales were down month-overmonth in all four regions, with the West experiencing the largest decline, at 9.4%.
- Single Family Closed Sales were down 7.9 percent to 1,206.
- Townhouse-Condo Closed Sales were up 4.7 percent to 354.
- Adult Communities Closed Sales were down 18.0 percent to 41.
