MELISSA MULLIS PROPERTY GROUP 

This July, we continue to witness a housing market that is still impacted from a lack of inventory and other continuing factors.

Lawrence Yun , the Chief Economist for the National Association of Realtors had this to say about current market conditions:

“Despite sluggish pending contract signings, the housing market is resilient with approximately three offers for each listing.”

For Sellers, that is very good news. He also had this to say about lack of inventory and the impact on a full housing recovery:

“The lack of housing inventory continues to prevent housing demand from being fully realized.”

So our challenges with inventory continue but know that we work very hard to find our clients the best outcomes for their home sales as well as buying experiences. As always, if we may help you with either, please contact us. We'd really love to work with you!

Scroll down for regular monthly features such as the Market Data, Listing of the Month, Clients of the Month, Community Spotlight, a Calendar of Holidays and Observances, Farmers Markets, Community Events, and this month's curated articles on Patios, Pools and Pergolas to help you plan your best Summer!

Note that this is the last Summer issue for 2023 as we can hardly wait to start working on our first Fall issue for next month.

And now for data on the national, state, and local markets.

MARKET HIGHLIGHTS

Below, please find national real estate housing data and infographics from the National Association of Realtors. Keep reading to view the summary for the Louisiana market and in particular, St. Tammany and Tangipahoa Parishes.

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

Please keep in mind that on the national level, data lags one month behind.

National Snapshot for the month of *May

• Pending Sales - decreased by 2.7%- month over month [while in the regional South they decreased by 4.4%]
• Existing Home Sales - increased 0.2% - month over month

Continuing Challenges:

• Interest Rates
• Affordability
• Inventory shortages

The month of May continues to trend toward a Sellers Market with 2.6 months of Inventory

Louisiana Market Summary for June

Snapshot of Entire MLS, St. Tammany, and Tangipahoa Parish Markets [from InfoSparks]

• Housing Inventory:
• Entire MLS: 4.1 months supply
• St. Tammany: 3.1 months of supply
• Tangipahoa: 2.9 months of supply
• Average Home Prices from June 2022 to June 2023:
• Entire MLS: -5.6%
• St. Tammany: +6.3% [last month: +4.2%]
• Tangipahoa: +6.6% [last month: +3%]
• Closed Sales from June 2022 to June 2023:
• Entire MLS: -23.5%
• St. Tammany: -23.1%
• Tangipahoa: -26.2%
• Days on Market:
• Entire MLS: Average 23 days
• St. Tammany: Average 19 days
• Tangipahoa: Average 34 days

Enjoy Summer,

Melissa and Rae

THE MELISSA MULLIS

PROPERTY GROUP

HOLIDAYS AND DAYS OF OBSERVANCE

AMAZING REMODEL IN HIGHLY SOUGHT AFTER

COUNTRY CLUB ESTATES

204 TCHEFUNCTE DRIVE, COVINGTON, LOUISIANA 70433

ACTIVE/ RESIDENTIAL/ MLS# 2393976/ 4 BEDROOMS 4 FULL BATHS/ 1 HALF BATHS/ 3,490 SQ. FT.

BUILT IN 2023/ LOT SIZE .75 ACRES

You won't want to leave home with this AMAZING remodel in highly sought after Country Club Estates! Located on the 12th hole, this gorgeous 4 bedroom 3 1/2 bath has Dining room, breakfast room PLUS media room, separate office, mudroom, spacious laundry and large walk in pantry It has flowing open floorplan, Fresh paint throughout, new luxury vinyl plank floors and tons of natural light that make this home so appealing. Cook family meals in kitchen that has plenty of prep space and cabinetry with glass accents, stunning black granite, stainless appliances including double ovens. Lounge by the sparkling pool and hot tub with cascading waterfall or step away from the sun under covered patio. Generous Primary bedroom has two walk in closets with views of pool. Ensuite bathe has dual vanities, tiled shower with separate soaking tub. Two additional bedrooms share a jack and jill bathroom arrangement. 4th bedroom has its one bath across hall. Side entrance of home boasts a mudroom with adjacent laundry and walk in pantry. New fixtures, NEW Roof, Beautiful landscaping, Flood zone C, and Blue Ribbon Schools. Shed in backyard can hold extra pool items. Be sure and visit the clubhouse facility and pool.

OFFERED AT $ 617,000

CLICK HERE TO VIEW LISTING

Mike & Michele Trosclair

Eddie & Alberta Boyd

Sheri Berger

Mike & Becky Mangin

Nathan & Julie O'Connell



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
• July 7 - Middendorf's Live Music on the Porch - for more info, click here
• July 15 - Kokomo Stroll - for more info, click here
• July 24 - United Way of Southeast Louisiana West St. Tammany Red Beans and Rice Cookoff - for more info, click here
• July 29 - Children's Museum of St. Tammany Back to School Bash - 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 

• Patio Prep: A Designer's Guide [Good Housekeeping]
• Pergola Ideas for Dreamy Outdoor Living [Architectural Digest]
• The 10 Best Pergolas of 2023 to Keep Your Patio Shaded [Better Homes + Gardens]
• 75 Beautiful Swimming Pool Designs [The Spruce]
• Pool Lighting Ideas That'll Jazz Up Your Next Backyard Get-Together [Real Simple]
• People Without Pools Are Getting Inflatable Sunbathing Tubs Instead, And It's Brilliant [Southern Living]

• ENTERTAINING: 25 Refreshing Big Batch Cocktails That Make Serving a Crowd Easy [Martha Stewart]
• HOME DESIGN TRENDS: 35 Home Design Trends on the Rise in 2023 [Houzz]
• REAL ESTATE TRENDS: This Popular Kitchen Color Can Actually Hurt a Home's Sales Price [Domino]
• HOME STAGING: 15 Home Staging Essentials [HGTV]

COMMUNITY SPOTLIGHT

In this month's Community Spotlight, we feature one of my favorites, Palmettos on the Bayou in Slidell. Open since 2002 Palmettos is a charming and elegant Acadian style restaurant serving classic Creole dishes highlighting fresh Louisiana ingredients.

Set on the tranquil Bayou Bonfouca near Old Town Slidell, this waterfront restaurant and event venue is known for its southern charm. Palmettos' famous Brunch features live music on Friday, Saturday, and Sunday. The 5,000 square foot covered/climate-controlled deck provides a dramatic outdoor setting at night for romantic dinners and a comfortable relaxed atmosphere during the day.

The elegant indoor Dunbar Dining Room features artwork by famed Louisiana artist George Dunbar whose artwork has been displayed in museums, galleries, and exhibits around the world.The Bayou Dining Room features swamp murals by local artist and wildlife sculptor, Phil Galatas.

PALMETTOS ON THE BAYOU

1901 BAYOU LANE

SLIDELL, LOUISIANA 70458

985.643.0050

WWW.PALMETTOSRESTAURANT.COM

RESERVATIONS RECOMMENTED

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

[email protected]

www.melissamullis.com

C [225] 216-5746

W [985] 674-5628

Each office independently owned and operated