Real estate websites showed more than 500 open homes were scheduled for Saturday alone across the greater Canberra region.

From Friday, October 29 COVID-19 restrictions eased, allowing open home inspections to go ahead with 25 people before the indoor density limit of one person per four square metres is applied.

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Real estate agent Justin Taylor of McGrath Canberra welcomed eager buyers through the doors at 15 Ray Ellis Crescent, Forde on Saturday afternoon.

About 40 groups of buyers inspected the property at different times throughout the half-hour timeslot.

"It was great. [Open homes] are a lot more efficient than the one-on-one appointments," he said.

Until the weekend, buyers had been limited to private, 15-minute inspections after COVID-19 rules were amended in September.

Mr Taylor said many buyers felt more relaxed in an open home environment, while sellers could feel confident they would get the best result.

"It's more conducive to a better result because you can effectively get a lot more people through during the campaign than we previously could," he said.

Real Estate Institute of the ACT chief executive Michelle Tynan said further easing of restrictions meant it was back to business for the property market.

"One-on-one inspections meant lots of hours but only a relatively few number of inspections," she said.

"So now we have that capacity to be able to show so many people through and there are just so many buyers excited to go and see property and be able to do it consistently.

"I know a lot of the agents are just like little children around the Christmas tree, they're very excited to be able to go back to normal practice.

"It's a welcome return, the property market is certainly ready for it."

Real estate agency Hayman Partners had close to 40 open homes scheduled for the weekend.

Principal Brett Hayman said the change was good news for buyers, however, pent-up demand could lead to heightened competition for properties.

"They have more time to view the property but I think they'll find there'll be more people [inspecting] so it might create a bit of urgency," he said.

Mr Hayman said sellers no longer had to leave their home for long stints while inspections took place, which might encourage more homeowners to list their properties for sale.

"I think the sellers are going to like it more, they don't have to leave for two hours to have seven people through their house. They can get those seven people through in 15 to 20 minutes now," he said.

Saturday also kicked off a big week of property auctions across the capital.

According to CoreLogic, 141 Canberra homes were slated to go under the hammer, making it the busiest week of auctions since late 2018.

Among Saturday's auction results was a five-bedroom home in Nicholls that sold for $1,536,000, while a two-bedroom house on more than 1000 square metres in Ainslie sold for $2.17 million.

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