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.

Trade Me website

Trade Me website Photo: RNZ

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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