Hello Friends!

We hope February, the month of love, has been good to you. As we wrap up the month, we can smell the sweet scent of spring cherry blossoms around the corner and the spring real estate market’s fresh inventory cooking. Across the city, new listings are slightly ticking up while overall listing supply remains relatively flat and resembles your traditional February. Contracts signed are on the rise, and we’ll see this increase as the spring market gets underway. We still remain tilted towards a buyer’s market in Manhattan and a seller’s market in Brooklyn. Buyers are certainly emerging from the sidelines after the volatile years that sprang from the pandemic. How many sellers will show up to the market this season? Will sellers test the waters knowing that buyers are hunting with very low inventory or will their own low mortgage interest rates keep them from listing another year?

Seasonality is returning to the real estate market after a couple years of instability. Streeteasy recently released data about the best time to list your home, and here’s what you need to know:

  • March is the best month for sellers looking to shave time off waiting on the market—and to increase potential proceeds from sales.
  • Apartments put on the market anytime in March tend to have higher probability of selling above the initial asking price compared to the rest of the year.
  • Home shopper inquiries in spring (March through May) are on average 36.5% higher than in autumn and early winter (October through December).
  • At its peak in March, the volume of inquiries that for-sale listings receive on StreetEasy is typically 81.2% higher than in December, the slowest month of the year, and 25.1% higher than the rest of the year.
  • Springtime listings typically sell almost four weeks (27 days) faster than homes listed in autumn and early winter.

If you’re thinking of selling, it would be wise to get in touch with your real estate agent today. If you’re looking to buy, now is the time to align yourself with an agent who can set you up to compete successfully in this market.

Enjoy your leftover V-day chocolates & we’ll see you in March!

The Whitman Team

Market Update


In January, Manhattan sales were down 15% from the previous month, with 742 total sales compared to 871 in December. New listings on the market also continued to rise, with 160% more listings than in December, but still 20% fewer than the same time last year. There were 524 new contracts signed, which was an 8% decrease from December. Inventory continues to remain low; down 2% month-over-month. The median listed price was $1,492,000, up 2% compared to the previous month and up 7% compared to January 2022.


The Brooklyn market continued to see a decrease in sales in January, slowing down 37% from December. The median listed price was $649,166, only a 1% decrease from December. New listings on the market increased by 81% with a total of 321 compared to 177 in December. Contract activity decreased by 21% from December, with 196 signed. The average price per square foot was $869 in January, compared to $866 from the same quarter last year, only a 0.35% increase. Inventory continues to remain low in Brooklyn, with a 13% decrease from the previous month.


The Queens market saw 218 sales in January, a 5% increase compared to December. There were 358 new listings, up 45% from the previous month. The median listed price was $818,500, up 6% from Demember. The median sales price was up 4% compared to December, coming in at $849,500.

The Agency Red Paper

What a year. 2022 presented some major shifts in real estate—and our annual market report tells it all. Dive into our markets across the U.S., Canada, Mexico, the Caribbean and Europe and read The Agency’s detailed analysis, including regional spotlights, evolving trends and just what impact 2022 had on buyers, sellers and agents. Plus, get a peek into what 2023 might hold. Check out The Agency Red Paper 2022 Annual Report.

On the Market NYC

You can find all of our listings here.

410 Nostrand Avenue #2R

Bed-Stuy | Condo | $875,000 | 2 Beds, 1 Bath

This winged layout two-bedroom, one-bath home truly has it all, including over 600 square feet of private, sun-filled outdoor space. As you enter into this intelligently designed home, you are greeted with tall ceilings and an abundance of natural light streaming in from the south-facing oversized windows. The open-concept kitchen is a home chef’s dream with a 5 burner stove and an abundance of cabinet space. This kitchen flows seamlessly into the living room making it the perfect entertainer’s home all year long. On either side of the living room, you have two generously sized bedrooms with great closet space. There is also a Blomberg washer and dryer adding to the overall convenience of this amazing home.

301 East 75th Street #17C

Lenox Hill | Co-op | $1,495,000 | 2 Beds, 2 Baths

Residence 17C is an opportunity on the Upper East Side not to be missed! The flowing layout with light from every room in this fabulous two bedroom is remarkable. This corner two-bedroom, two-bathroom home is in pristine condition with west, south, and north exposure, featuring exceptional sunshine and views. The gracious 31′ living room flows into the sun-filled formal dining area that is surrounded by amazing windows. The kitchen features a Sub-Zero refrigerator, GE profile appliances, and black granite counters. The kitchen is great for entertaining family and friends! Both bathrooms are finished with marble and feature a glass-enclosed shower and tub.

160 Central Park South #1607

Central Park South | Condo | $2,799,000 | 1 Bed, 1 Bath

Experience the epicenter of NYC with epic Central Park views from your private residence in the esteemed Essex House Hotel. Residence 1607 is a spacious one bedroom/one bathroom unit with expansive, unobstructed Northern & Western views. Take advantage of the highly sought-after & elusive ability to rent for periods as short as 30 days and make an investment in an iconic piece of Manhattan. Life at Essex House is truly elevated; built in 1929 as a formidable art deco masterpiece, the iconic landmark building is comprised of 509 hotel rooms & 185 private residences. As an owner, you will have access to all of the hotel amenities, including a fitness center, spa, business/conference rooms, 24-hour dorman, concierge, valet, and an in-house restaurant.

357 East 57th Street #20C

Sutton Place | Co-op | $565,000 | 2 Beds, 1 Bath

Located on the 20th floor, this two-bedroom corner unit is flooded with light from Southern, Western, and Northern exposure, with unobstructed views of the city. The spacious layout provides ample room for dining and living while taking in the sweeping views of the Manhattan skyline. With a pristinely renovated kitchen and bathroom, this home is ready for you to make your own. The generously sized primary bedroom easily fits a king-sized bed. You can even install a washer and dryer in unit, which can be done in one of the many closets in this home with approved plans.

On the Market Out East

You can find all of our listings here.

108 Montauk Highway

East Hampton, NY | MDW - LDW | $110,000 | 5 Beds, 5.5 Baths

Drive up to the gates of your 1.1 acre estate in East Hampton Village. Pull into the large circular driveway, with room for multiple cars and enter the 3,300 square foot 5-bedroom and 5.5-bathroom estate with an indoor fireplace. The expansive and meticulous yard and gardens feature a heated, Gunite pool, outdoor shower, one-bed guest home and garage. The expansive sun-filled home features a large kitchen with breakfast area that has large doors opening to the outdoors, a formal dining room, a large living room with built-ins, fireplace, french doors to the large gardens, and a bright sunroom. On the second and third floors of the home are the bedrooms, each with an accompanying bathroom and enough room to comfortably sleep 11. Each of the bedrooms offer great natural light and the main bedroom has a private patio attached.

6 Beech Hollow Court

Montauk, NY | July and August | 4 Beds, 3 Baths | Pricing Varies by Month

Sunset view included! Drive down the long driveway to this beautiful beach home with incredible, postcard views. This 4- bedroom, 4-bathroom modern home has been meticulously designed by its fashion-designer owner. Bright, airy and stylish, with the best views Montauk can offer, you won’t want to leave. The first floor features an open-living plan with tall, cathedral ceilings, a large open living room with fireplace, a beautiful wooden table for dining, Wolf range, wine cooler, and all of the amenities you would need to prepare a chef’s dinner. Off of the kitchen is a butler’s pantry, mud hall and side entrance. The first floor is completed with a front bedroom and bathroom, and the main, large bedroom with a large spa-like bathroom and views all the way to the horizon. On the lower level is second living area with shuffleboard, two additional bedrooms, and two bathrooms. This home is one-of-a-kind, and not a detail was missed in the décor or utilizing the breathtaking views.