MELISSA MULLIS PROPERTY GROUP 

IT'S TIME TO GROW!


At long last, Spring has arrived and so has the time to grow beautiful new things in our gardens and our lives.


I believe that Spring acts as a metaphor for growth, renewal, and a sense of beauty which may apply both to gardening and our inner selves.


So I hope you've been out there, enjoying the return of green spaces, vivid, brilliant colors, planting seeds, and seeing bright possibilities ahead.


This Month: Spring Gardening and Entertainment


You will note that in the Events section below, I've selected several having to do with plants and gardening.


In this manner, you may be more deeply inspired to grow beautiful new things! Then in the curated articles column, you will find all you need to start and structure your beautiful new garden. There is also an article on growing vegetables.


Of course all of regular features are here too.


On the Real Estate Front


There is so much happening within the real estate sector right now.


You may have learned of some of it on the news. But rather than disstilling this for you here and now -- with so much still unfolding -- I want to hold off until more becomes clear. I am hoping that next month, I'll be able to more accurately share the information and how it affects anyone buying or selling a home.


On a different note, by observing February's information from the National Association of Realtors [see graphics and national snapshot below], you'll notice a surge in home sales at 9.5% overall with price increases averaging at 5.7%. This is good news for our Sellers. Also, we continue to be in a Seller's Market.


As far as Buyer impacts, according to Jessica Lautz, Deputy Chief Economist and Vice-President of Research at the National Association of Realtors, despite a recent surge in homes sales, a "retraction in the housing market is due to limited inventory, and an erosion in housing affordability." She has also indicated that due to inventory, there is still the presence of bidding wars in some areas.


Other current market factors from the National Association of Realtors:


  • First time home buyers account for 32% of purchases of primary residences [formerly 40%]
  • First time home buyers are typically in their 30s [formerly in their 20s]


In closing, we are now in the throes of the Spring Home Buying Season and though interest rates are not expected to go down till June or so, should you find a house you love now -- given the inventory factors -- don't wait to buy your dream home! Let us help you find it.


Never forget that buying a house is ALWAYS a better investment than renting one.


Allow us to help you make the dream of home ownership a reality.


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 February


  • Pending Sales - increased by 1.6% month over month [while in the regional South they increased by 1.1%]
  • Existing Home Sales - increased by 9.5% - month over month
  • Home Prices - increased 5.7% - year over year


Continuing Challenges:


  • Affordability
  • Inventory Shortages
  • Interest Rates


The month of February continues to trend toward a Sellers Market with 2.9 months of Inventory.


Local Louisiana Market Summary for March


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


  • Housing Inventory [holding steady]
  • Entire MLS: 4.8 months supply
  • St. Tammany: 3.9 months of supply [no change]
  • Tangipahoa: 3.1 months of supply
  • Average Home Prices [increased]
  • Entire MLS: +11.4% [last month it was +7.8%]
  • St. Tammany: +14.7% [last month it was +8.7%]
  • Tangipahoa: +14.2% [last month it was -6.1%]
  • Closed Sales [decreased]
  • Entire MLS: -14.7% [last month it was -12.1%]
  • St. Tammany: -19.4% [last month it was -1.0%
  • Tangipahoa: -7.1% [last month it was +22.2%]
  • Days on Market [significant increase]
  • Entire MLS: Average 66 [last month it was 48 days]
  • St. Tammany: Average 67 [last month it was 39 days]
  • Tangipahoa: Average 77 [last month it was 24 days]




Happy Spring Growing and Gardening,


Melissa and Rae

THE MELISSA MULLIS

PROPERTY GROUP


HOLIDAYS AND DAYS OF OBSERVANCE


LISTING OF THE MONTH

BUSINESS OPPORTUNITY IN THE HEART OF MANDEVILLE

HIGHWAY 190, MANDEVILLE, LA 70471

MLS #2438459/ LAND/ 1.84 ACRES


Here is your opportunity to relocate your business to the heart of Mandeville's business area. You have excellent visibility, 480 ft of road frontage and an average lot depth of 200 ft. This property can be subdivided. The NC-1 zoning allows for a minimum lot size of 20,000 square ft for office use. Permitted uses are: Law Offices, Architectural offices, accountant offices, real estate offices, insurance offices, business offices, doctor, dentist, and chiropractor offices, veterinary clinics, and other professional offices. See Zoning attachment for additional uses.

OFFERED AT $ 1,900,000



FOR MORE INFO, CLICK HERE

CLIENTS OF THE MONTH

This month, I wish to dedicate this space in memory of two of my clients who passed away unexpectedly.


Our deepest condolences and thoughts are with the families of:


Eric Weems

Claude "Bo" Wolcott



They will be missed by all who knew and loved them.


Please know that we will be praying for their families.



THANK YOU FOR LETTING US HELP YOU FIND YOUR WAY HOME 

COMMUNITY EVENTS

  • Recurring on Fridays and Saturdays - Live Music at Encore Bar and Grill - 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 Monthly on the First Friday - Abita Brewery Food Truck Roundup - click here
  • Recurring Fridays - French Fridays at the Gloriette - click here
  • Recurring Fridays Until October 25 - Columbia Street Block Party in Downtown Covington - click here
  • April 5 - Mandeville Live! Free Concert: Witness - click here
  • April 6 - Abita Springs Autism Awareness Day - click here
  • April 10 - Covington Garden Club Flower Show - click here
  • April 11 - Rockin' the Rails Concert: Molly Hatcher & The Honky Tonk Angels - click here
  • April 13-14 - Banting's Plant Fest - click here
  • April 13 - Spring for Art - click here
  • April 13 - Giddy and Go Car Show - click here
  • April 19-20 - Northshore Garden and Plant Show - click here
  • April 20-21 - Covington Antiques and Uniques Festival - click here
  • April 28 - Slow/Fast Fiddle Session at St. John's Coffeehouse - click here
  • April 28 - Some Enchanted Evening with Northshore Community Orchestra - 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 


COMMUNITY SPOTLIGHT



I'm so proud to be a sponsor of this event.


Please join us on April 13, 2024!


I'll be there.



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 

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