January is traditionally the slowest month of the year in the Manhattan real estate market, but this year seems to be off to a more active start. Why? Low rates, extra-low inventory, and growing buyer demand. My colleagues and I are feeling the positive energy.

The historic average for signed contracts in January is 765, and we're at 435 (57%) with ten days left in the month. A major constraint is lack of inventory. Buyers just aren't finding enough compelling, well-priced homes out there. That signals opportunity for sellers. Getting your home on the market sooner rather than later could be a smart move.