MELISSA MULLIS PROPERTY GROUP 

The month of June then leads us into that ultimate Summer Barbecue on the 4th of July weekend! For all of this and more, we've got you covered with recipes, cocktails, decor, and more.

So it's time to start grillin' and chillin'!!!

Aside from current Market Data, our Listing of the Month, and Clients of the Month, this month you'll find a few new features. Each month going forward, we'll do a special Community Spotlight like the one you'll find below; and a monthly Calendar of Holidays and Observances. We will also feature a photo of one of our Clients of the Month.

We hope you'll enjoy these new features and that when planning for your real estate needs, you'll always think of us.

Now, let's delve into what's happening in 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 *April

• Pending Sales are flat - month over month [while in the regional South they are up .1%]
• Existing Home Sales are down 3.4% - month over month

Continuing Challenges:

• Continuing inventory shortages
• New housing not becoming available any time soon
• Interest rates
• Prices
• The month of April continues to trend toward a Sellers' Market with 2.9 months of Inventory

National Market Data: 

Louisiana Regional Market Summary for June

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

• Housing Inventory:
• Entire MLS: 3.3 months supply
• St. Tammany: 2.5 months of supply
• Tangipahoa: 2.4 months of supply
• NOTES: 1. Inventory in St. Tammany has DECREASED from last month. 2. And it is a Seller's Market
• Average Home Prices from June 2022 to June 2023:
• Entire MLS: 0.3%
• St. Tammany: +4.2%
• Tangipahoa: +3%
• Closed Sales from June 2022 to June 2023:
• Entire MLS: -20%
• St. Tammany: -23.3% [but last month it was down 41%]
• Tangipahoa: -18.2%
• Days on Market:
• Entire MLS: Average 18 days
• St. Tammany: Average 14 days [last month it was 39 days]
• Tangipahoa: Average 14 days [last month it was 52 days]

Happy Grillin' and Chillin' Everyone,

Melissa and Rae

THE MELISSA MULLIS

PROPERTY GROUP

p.s. don't forget to check out the new real estate trend for your home!

HOLIDAYS AND DAYS OF OBSERVANCE

ENJOY THE LIFESTYLE OF THIS GREAT MANDEVILLE BEAUTY

2704 SOUTH STREET, MANDEVILLE, 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 $ 1,275,000

CLICK HERE TO VIEW LISTING

Seth Miller and Shelby Souto

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
• June 10 - Barrel Racing at St. Tammany Parish Fairgrounds - for more info, click here
• June 10-11 - Northshore Wellness and Craft Expo - for more info, click here
• June 16 - Sunset at the Landing Concert - for more info, click here
• June 30 - Columbia Street Block Party - 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 

• Backyard BBQ! 10 Easy Entertaining Tips for Throwing a Festive Backyard BBQ [HGTV]
• 8 Top Bottled BBQ Sauces Worth Stocking in Your Pantry [Country Living]
• 13 Brilliant Ideas for a 4th of July Barbecue [Pinterest]
• Ultimate 4th of July Menu for Your Backyard Barbecue [Real Simple]
• 48 Festive Backyard BBQ Ideas [Easy Event Planning]
• DECOR:  Festive Backyard Barbecue Decor [Etsy]
• ENTERTAINING: This is the Most Searched for Summer Cocktail [Southern Living]
• TRENDS: 20 Painted Ceilings That Make the Entire Room So Much Cooler [House Beautiful]
• REAL ESTATE: Many Empty Nesters Not Downsizing, But Looking for Bigger Homes; Here’s Why [Nola.com]
• HOME STAGING: Selling Your Home? How to Stage Your Home Like a Pro [Martha Stewart] - we featured this one last month but great info so here we go again!

COMMUNITY SPOTLIGHT

In this month's Community Spotlight, we feature Valencia; a new Spanish Restaurant in Downtown Covington. Here I am with their wonderful waiter Chris --who as always-- was so attentive when we celebrated a friend's birthday. We enjoyed a lovely meal of Tapas, Paella, Flan, Sangria and other delights from Spain!

VALENCIA RESTAURANT

315 NORTH VERMONT STREET

COVINGTON, LOUISIANA

[985] 900-2151

WWW.THEVALENCIARESTAURANT.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

raem.remax@gmail.com

www.melissamullis.com

C [225] 216-5746

W [985] 674-5628

Each office independently owned and operated