Buyer enquiry Way up In NZ in January

Top 4 real estate sites in NZ including Trade Me & Open2View had increases in "Unique browsers "of between 29% & 31%. in January over December.
Yet January sales subdued.
Looking but not buying? Who knows. Cheap holiday entertainment?
Any opinions?

House prices have doubled in the last 10 years

NZ house prices have more than doubled in New Zealand in 10 years. This is historically the norm.
From $174 000 in Nov 1999 to $355 000 in Nov 2009.
So for every 100% financed , self funding house you bought then you would on average have now got $175 000, tax free equity.
Makes you think.