MELISSA MULLIS PROPERTY GROUP 

In the curated articles section, the focus is on how to turn your backyard into your own private oasis; an outdoor, open-air living space in which you can relax, entertain, and thoroughly enjoy the art of being!

You'll find how-tos and ideas on elements that may elevate this important area of your home. You'll even find backyard party menus and some interesting trends in homes, including a retro-trend for socializing!

As always, you'll also find my Listing of the Month and Clients of the Month.

But First, the Market Highlights.

MARKET HIGHLIGHTS

Below, please find national real estate housing data and infographics from the National Association of Realtors. Then keep reading to view the summary for the Louisiana market. Then scroll down even more to learn about the region [New Orleans Metro, Tangipahoa, and St. Tammany]. 

We think you'll be most interested in what is happening here, but it helps to be aware of national market trends. 

National Snapshot for the month of *March

• Pending Sales are down 5.2% - month over month [while in the South they are up .2%]
• Existing Home Sales are down 2.4% - month over month

Continuing Challenges:

• Low inventory
• Housing not becoming available any time soon
• The month of March reverted to a Sellers' Market with 2.6 months of Inventory

*Please continue to keep in mind that data and statistics lag about one month behind.

National Market Data: 

Louisiana Market Summary for *March

• New Listings:
• 2023: 1,866 [Gulf South Real Estate Information Network]
• 2022: 1,985
• Change Year Over Year: -6.0%
• Pending Home Sales:
• 2023: 1,359 homes under contract [Gulf Real Estate Information Network]
• 2022: 1,449
• Change Year Over Year: -6.2%
• Closed Homes Sales: 
• 2023: 973 completed transactions [Gulf South Real Estate Information Network]
• 2022: 1,385
• Change Year Over Year: -29.7%
• Days on Market Until Sale:
• 2023: 54 days [Gulf South Real Estate Information Network]
• 2022: 34 days
• Change Year Over Year: +58.8% 
• Average Sales Price: 
• 2023: $317,632 [Gulf South Real Estate Information Network]
• 2022: $343,432
• Change Year Over Year: -7.5%
• 
  

*Please continue to keep in mind that data and statistics lag about one month behind.

St. Tammany and Tangipahoa Parishes Market Summary

for *March from InfoSparks

• Housing Inventory:
• New Orleans Metro: 3.7 months supply
• St. Tammany: 2.9 months of supply
• Tangipahoa: 2.4 months of supply
• Average Home Prices from April 2022 to April 2023:
• New Orleans Metro: -3.5%
• St. Tammany: -3%
• Tangipahoa: -12.6%
• Closed Sales from April 2022 to April 2023:
• New Orleans Metro: -35.3%
• St. Tammany: -41.8%
• Tangipahoa: -19%
• Days on Market:
• New Orleans Metro: Average 51 days
• St. Tammany: Average 39 days
• Tangipahoa: Average 52 days

Have a happy Mother's Day, a safe and bright Memorial Day weekend holiday, and enjoy designing your backyard oasis.

Warmly,

Melissa and Rae

THE MELISSA MULLIS

PROPERTY GROUP

ENJOY THE LIFESTYLE OF THIS GREAT MANDEVILLE BEAUTY

2704 SOUTH STREET, LOUISIANA 70448

ACTIVE/ RESIDENTIAL/ MLS# 2385961/ 4 BEDROOMS

3 FULL BATHS/ 2 HALF BATHS/ 3,916 SQ. FT.

BUILT IN 1995/ LOT SIZE .34 ACRES

Enjoy the lifestyle of this Old Mandeville beauty within 1 block from Lakefront. 4 bed/3 full/ 2- 1/2 bath Acadian home with amazing entertaining space inside and out. Open concept living w/ Grand LR ceiling, modern fireplace, Spacious kitchen with large granite island, reading nook and lots of natural light Separate office and dining room flanks foyer. Primary bed has Ensuite and large walk-in closet. 3 beds/2 bath upstairs with bonus area. Huge back porch overlooks pool accented with Chicago Brick, flex room with 1/2 bath.

OFFERED AT $ 1,299,000

CLICK HERE TO VIEW LISTING

Kelly Perrera

Shaun and Melissa Gueringer

THANK YOU FOR LETTING US HELP YOU FIND YOUR WAY HOME 

• Recurring on Fridays and Saturdays - Live Music at Columbia Street Rock-n-Blues - for more info, click here
• Recurring on Fridays - First Friday Community Breakfast at Giddy Up Folsom - for more info, click here
• Recurring on Fridays - Friday Date Night at Palmettos - for more info, click here
• Recurring Weekly on Saturday - Saturday Dinner with Live Instrumental Music on the Bayou - for more info, click here
• Recurring Weekly on Saturdays until October 7 - Covington Art Market Under the Oaks - for more info, click here
• Recurring Monthly on the First Friday - Abita Brewery Food Truck Roundup - for more info, click here
• May 5 - Friday Nites at the Square Concert at Terrabella Village - for more info, click here
• May 5 - Anchor Classic Golf Tournament - for more info, click here
• May 6 - Mandeville Food Truck Festival - for more info, click here
• May 13 - Some Enchanted Evening with Northshore Community Orchestra - for more info, click here
• May 14 - Old Mandeville Historic Association's Mother's Day Home Tour - for more info, click here
• May 19-21 - Bhakti Farms Yoga Fest - for more info, click here
• May 20 - Fools of Misrule's Fool's Fest @ the Covington Trailhead - for more info, click here
• June 1-30 - A Taste of Covington Food, Wine, Music and Art Festival - for more info, click here

• Abita Springs Art + Farmers' Market - Sundays 11:00 am to 3:00 pm - for more info, click here
• Covington Farmers' Market - Wednesdays 10:00 am to 2:00 pm and Saturdays 8:00 am to 12:00 pm - for more info, click here
• Claiborne Place Makers Market - Sundays 10:00 to 2:00 pm - for more info, click here
• Farmers' Market at Giddy Up Folsom - Thursdays - for more info, click here
• Mandeville Community Market - Saturdays 9:00 am to 1:00 pm for more info, click here

  CURATED CONTENT 

• How to Create a Backyard Oasis Your Guests Will Never Want to Leave [Outer]
• 30 DIY Ways to Create a Backyard Summer Oasis [HGTV]
• 14 Backyard Oasis Ideas to Create an Outdoor Space for Relaxation [Better Homes + Gardens]
• 900+ Best Backyard Oasis Ideas [Pinterest]
• 3 Outdoor Items That Will Turn Your Backyard Into a Summertime Oasis [Southern Living]
• 25 Enchanting Pergola Ideas to Transfrrm Your Backyard into an Idyllic Oasis [Veranda]
• ENTERTAINING: Best Backyard Party Menu Ideas [Food Network]
• TRENDS: 9 Trending and Totally Fun Backyard Ideas to Enhance Your Space [Real Simple]
• RETRO TREND: The Groovy Return of Conversation Pits [Return of the Sunken Living Room] [Better Homes + Gardens]
• REAL ESTATE: Selling Your Home? How to Stage Your Home Like a Pro [Martha Stewart]

RAE MANALE, CLIENT COORDINATOR



Rae Manale, is a New Orleans Native who relocated to the Northshore after Katrina. An LSU Alumna, Rae was Vice President of the LSU Real Estate Association.

She has been in the Real Estate Industry for over 7 years, but she brings new and inspiring ideas to our team, and will efficiently organize all processes to elevate and streamline your experience and make the buying and selling process stress free. Rae also enjoys marketing and has brought our marketing and social media to a whole new level. 

Rae enjoys getting involved in her community and most importantly the joys of watching her toddler grow. Family is very important to her, so when she is not working or exercising her body/mind, you can find her spending time with the ones closest to her.

  RE/MAX ALLIANCE

625 N CAUSEWAY BLVD, STE. C

MANDEVILLE, LOUISIANA 70448

raem.remax@gmail.com

www.melissamullis.com

C [225] 216-5746

W [985] 674-5628

Each office independently owned and operated