We're already planning our Thanksgiving, Christmas, and New Year's issues!

To help you know where you stand with any home buying and selling plans, or to know about your current home value, check out our Market Highlights Report below. If you'd like a custom valuation of your home, we'd be happy to provide this.  Just call, text or email us at links below.

MARKET HIGHLIGHTS

Below, please find national real estate housing data and infographics from the National Association of Realtors. Since it is said that all real estate is local, we are following this up with a summary of the Louisiana market. 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 *August:

• Pending sales are down 2.0% - month over month
• Closed sales are down .4% - month over month

However:

• On an average, homes are still selling faster as follows:
• 16 days on market in August
• 14 days on market in July
• 17 days on market in June
• Average days on the market is 16
• All cash sales account for 24% of transactions [same as in July, yet up from June's 22%]

Challenges:

• Low inventory
• Rising interest rates

However, we continue to engage in a Seller's Market.

Inventory continues to be insufficient to meet needs.  According to Lawrence Yun, Chief Economist at National Association of Realtors, inventory is expected to remain low for the next couple of years unless new inventory becomes available because of New Construction.

*Please continue to keep in mind that data and statistics lag about one month behind and September's figures won't be available till the third week of October.

National Market Data: 

Louisiana Market Summary

• Pending Home Sales:
• 2022: 1,232 homes under contract [Gulf Real Estate Information Network]
• 2021: 1,143 
• Change Year Over Year: +7.8%
• Closed Homes Sales: 
• 2022: 1,177 completed transactions [Gulf South Real Estate Information Network]
• 2021: 1,261
• Change Year Over Year: - 6.7%
• Length of Time on Market:
• 2022: 31 days [Gulf South Real Estate Information Network]
• 2021: 29 days
• Change Year Over Year: +6.9%  
• Average Sales Price: 
• 2022: $326,478 [Gulf South Real Estate Information Network]
• 2021: $316,681
• Change Year Over Year: +3.1%
• New Listings:
• 2022: 1,712 [Gulf South Real Estate Information Network]
• 2021: 1,592
• Change Year Over Year: +7.5%

May you and yours enjoy a safe and happy Halloween and let us know if we may assist you with any of your home buying and selling needs.

Always,

Melissa and Rae

THE MELISSA MULLIS

PROPERTY GROUP

STUNNING REMODEL EVOKES OLD WORLD CHARM THROUGHOUT

23697 GOOSE POINT DRIVE, PONCHATOULA, LOUISIANA 70454

UNDER CONTRACT/ RESIDENTIAL/ MLS# 2363515/ 4 BEDROOMS

2 FULL BATHS/ 1 HALF BATH/ 2,469 SQ. FT/ BUILT IN 2022/ .27 ACRES

Stunning remodel! Amazing landscaping and charming outside details. You will feel the Old World European flair throughout with beautiful barn beams, brick archways, Board & Batten Wainscoting and panels, and gorgeous fireplace and built-in. Stand in awe as you enter remodeled kitchen with shiplap walls, custom wine area, unique cornered spice drawers, gorgeous center island, farmhouse sink, and spectacular pantry room. Cozy primary bedroom with cornered posts and rustic barnwood ceiling. New roof, flood zone X, pond view.

OFFERED AT $ 349,000

CLICK HERE    TO VIEW LISTING

Nakia + Maggie Cowan

Adrian Tigues

Garik + Peyton Stein

Richard + Laura Peed

THANK YOU FOR LETTING US HELP YOU FIND YOUR WAY HOME 

• Recurring Monthly on 3rd Thursday - Abita Springs Songwriters' Circle - for more info, click here
• October 7 – Mandeville Live! Free Friday  Concert: Groovy 7– for more info, click here
• October 8 – Louisiana Food Truck Festival - for more info, click here
• October 8 – Subaru Make a Dog’s Day Adoption Event - for more info, click here
• October 13 - Bras for a Cause - for more info, click here
• October 14 - Covington Fall Festival - for more info, click here
• October 15 – Veterans’ Appreciation Expo - for more info, click here
• October 15 and 16  – Madisonville Wooden Boat Festival - for more info, click here
• October 15 – Oxtoberfest 2022 - for more info, click here
• October 22 – Monster Mash 2022 Fun Fall Family Festival - for more info, click here
• October 25 – Master Gardeners’ 2022 Fall Seminar - for more info, click here
• October 28 – Olde Towne Slidell Zombie Crawl 2022 - for more info, click here
• November 4 – Friday Nites on the Square at Terrabella Village Featuring Tyler Kinchens + The Right Pieces - 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
• 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 

• 19 Festive Halloween Front Porch Décor Ideas [Better Homes + Gardens]
• 75 Easy DIY Halloween Decorations That Are Festive, Fun and Spooky [Good Housekeeping]
• 900+ Halloween Decoration Ideas for 2022  [Pinterest]
• 27 Halloween Dinner Ideas for Adults and Kids to Enjoy [Country Living]
• 20 Best Halloween Food Ideas That Will Spook Everyone at Your Party [The Pioneer Woman]
• TRENDS:  6 Top Home Décor Trends of Fall 2022 [Real Simple]
• CURB APPEAL: 23 Ways to Add Curb Appeal for the Best Front Yard on the Block [Better Homes and Gardens]
• UPDATES: 8 Little Ways to Update Your Kitchen Without Renovating [Real Simple]

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 5 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