Stung by high costs in Manhattan and Brooklyn, purchasers are running to the Bronx and Staten Island – bringing about a 35 percent spike in deals movement in those precincts amid the main quarter, as indicated by another report.

By and large, there were 11,827 private deals amid the main quarter, a 5 percent expansion, as indicated by REBNY's first quarter private deals report. In Manhattan, deals plunged 2 percent and in Brooklyn, 4 percent.

Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season. Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages. Here are five reasons to sell now.