The housing market in Milan continues to see strong price appreciation, with values up 54.7% compared to last year. Home prices have decreased 20.5% in the past month. At the current pace, all available homes in Milan would sell out in just 0.8 months, indicating a continued supply shortage. Transaction volume is up 150% compared to what's typically expected this time of year. A significant 75.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 20.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Milan market with the affordability index at 106.8. Based on current market indicators, home prices in Milan are projected to increase by approximately 4.4% over the next month.