16 Apr 2020

Drop in TradeMe property browsers during lockdown

3:59 pm on 16 April 2020

The number of people browsing property listings online dipped by 21 percent in the first week of the lockdown, compared with the same week last year.

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Recent figures from website TradeMe, showed figures bounced back over Easter, with a 3 percent increase on the following year.

Head of TradeMe property, Nigel Jeffries, said people often used the holidays to have a look around, and it was good news for sellers that there were a lot of prospective buyers out there.

Property prices in Auckland hit a new record in March, having increased by 2.5 percent compared with last year, to an average of just over $950,000.

Jeffries said was still too early to tell what impact the Covid-19 pandemic would have on house prices, but he said there was no denying the market would experience some significant changes.

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