You couldn't pick a better time to list and sell your home: inventory is at an all-time low; and mortgage interest rates remain at about 4%. This adds up to a seller's market.

As we enter 2014, we notice all apartments are moving well. There is pent up demand in every neighborhood. Well-priced apartments in good buildings are selling quickly, many with multiple offers. We see the effects of low inventory leading to the following:

• a rise in average sales prices during the year of about 8%;
• the "trade-up" buyer returns to the market after a long break;
• buyers battling for apartments for the first time in years;
• bidding wars for most desirable apartments;
• sellers choosing most favorable transactions;
• low interest rates to continue;

If you are thinking about putting your apartment on the market, there has not been a better time in the past five years than now. Contact us if you are interested in finding out the current value of your home and we will be happy to provide you with a current market analysis. As New York City brokers with 25-years of experience, we can respond to any of your questions about the real estate market. So remember, while we don't see the effects of spring in nature till April or May, spring in the Manhattan real estate market starts now.