MELISSA MULLIS PROPERTY GROUP 

I hope you will enjoy some of the articles I've curated this month, and the events I am including to help you have the Happiest of Halloweens. There are so many fun, seasonal events to attend, that it will be a very social month.

I am really hoping to see you around town this October.

On the Real Estate Front:

Recently, the National Association of REALTORS® reported that nationally, pending sales fell 7.1% month-over-month in August while mortgage rates rose to 7%. These factors and others denoted below continue to present challenges that are impacting buyers [and sellers].

Chief Economist of the National Association of REALTORS® Lawrence Yun expressed that “would-be home buyers are taking a pause and readjusting their expectations about the location and type of home to better fit their budgets.” 

So our team continues to study the marketplace to find new and better ways in which we can bring you added value by working hard to secure the best possible outcomes for our Sellers AND Buyers.

Scroll down for our monthly features including the National Market Data, and State and Local. Also, meet my Clients of the Month, the Listing of the Month, Community Spotlight, a Calendar of Holidays and Observances, Farmers Markets, Community Events, and this month's curated articles on Halloween!

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 August

• Pending Sales - decreased by 7.1%- month over month [while in the regional South they decreased by 9.1%]
• Existing Home Sales - decreased by 0.7% - month over month

Continuing Challenges:

• Interest Rates
• Affordability
• Inventory shortages
• Insurance Rates

The month of August continues to trend toward a Sellers Market with 3.3 months of Inventory.

Louisiana Market Summary for August

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

• Housing Inventory
• Entire MLS: 3.9 months supply
• St. Tammany: 2.9 months of supply
• Tangipahoa: 2.9 months of supply
• Average Home Prices
• Entire MLS: -2.2%
• St. Tammany: +1.3%
• Tangipahoa: -0.7 %
• Closed Sales
• Entire MLS: -22.7%
• St. Tammany: -23.9%
• Tangipahoa: -24.5%
• Days on Market
• Entire MLS: Average 49 days
• St. Tammany: Average 42 days
• Tangipahoa: Average 47 days

Have a Happy Halloween

Melissa and Rae

THE MELISSA MULLIS

PROPERTY GROUP

HOLIDAYS AND DAYS OF OBSERVANCE

LISTING OF THE MONTH

LET US LIST YOUR HOUSE - WE CAN SELL IT!

Despite the lull in the market, we have the resources to help you list, market, and sell your house. Allow us to give you a complimentary Home Valuation to see where you stand in today's competitive marketplace!

CLIENTS OF THE MONTH 

Sonny + Darla Boudreaux

Charles Hess

Bo Wolcott

Samantha Anderson + Susan Carter



THANK YOU FOR LETTING US HELP YOU FIND YOUR WAY HOME 

COMMUNITY EVENTS

• Recurring on Fridays and Saturdays - Live Music at Columbia Street Rock-n-Blues - click here
• Recurring on Fridays - First Friday Community Breakfast at Giddy Up Folsom - click here
• Recurring on Fridays - Friday Date Night at Palmettos - click here
• Recurring Weekly on Saturday - Saturday Dinner with Live Instrumental Music on the Bayou - click here
• Recurring Weekly on Saturdays until October 7 - Covington Art Market Under the Oaks - click here
• Recurring Monthly on the First Friday - Abita Brewery Food Truck Roundup - click here
• October 4-8 - St. Tammany Parish Fair - click here
• October 5 - Rockin' the Rails Concert: Whiskey Business - click here
• October 6 - Friday Nites on the Square Concert at Terrabella Village - click here
• October 7 - Louisiana Food Truck Festival - click here
• October 7 - Olde Towne Pumpkin Festival - click here
• October 7 - Unleashed! Rescue Me Gala - click here
• October 14 - Angel's Grove Family Fall Fest - click here
• October 14 - Fall for Art by the St. Tammany Arts Association - click here
• October 14-15 - Madisonville Wooden Boat Festival - click here
• October 14-15 - St. Tammany Collectors Con - click here
• October 20 - Abita Fall Fest - click here
• October 21 - 35th Annual Monster Mash - click here
• October 21 - Handmade Harvest Arts and Craft Show - click here
• October 21 - Pumpkins in the Park and August Marketplace - click here
• October 21 - Rockin' the Lake Music and Arts Festival - click here
• October 28 - Boo Fest - click here
• October 28 - Sunset Symphony on the Lake with the Louisiana Philharmonic Orchestra - click here
• October 28 - Boo Bash on the Lawn - click here

FARMER'S MARKETS

• 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 

• 350 Happy Halloween Ideas [Pinterest]
• 75 Best Halloween Decorating Ideas You Can Pull Together Scary Quick [Woman's Day]
• 25 Spectacular Halloween Party Ideas and Games Ideas for Kids [Paperless Post]
• 39 Free Halloween Party Games for Adults [The Spruce]
• 60 Frighteningly Fun Halloween Party Ideas [HGTV]
• ENTERTAINING: Fun Halloween Recipes [Food Network]
• HOME TRENDS: Best Halloween Decor Trends [Pure Wow]
• CURB APPEAL: Spooky Halloween Front Door Curb Appeal [HGTV]
• HOME TIPS: [In Case You Missed It] - Easy Fall Home Prep [This Old House]

COMMUNITY SPOTLIGHT

In this month's Community Spotlight, we feature Étouffée to Geaux in Covington.

For those days when you want a treat with the feel and care of a home made meal steeped in our Louisiana traditions, this is the perfect place to stop for take-out.

Plus, with the added convenience of a Drive-Thru and it is is family owned and operated. So stop by and check out Étouffée to Geaux in Covington.

ETOUFFEE TO GEAUX

516 S TYLER STREET

COVINGTON, LOUISIANA

985.327.7097

CLICK HERE FOR WEBSITE

CLICK HERE TO MEET MELISSA

MELISSA MULLIS REALTOR 

  RE/MAX ALLIANCE

625 N CAUSEWAY BLVD, STE. C

MANDEVILLE, LOUISIANA 70448

MelLovesHomes@gmail.com

www.melissamullis.com

C [985] 629-1705

W [985] 674-5628 

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