Even if the slowdown in trend dynamics is confirmed, second-quarter home prices increased. According to Istat, the price index of homes purchased by households for accommodation or investment purposes increased by 2% over the prior quarter and by 0.7% over the same period in 2022 (it was +1% in the first quarter of 2023). The trend dynamics of house prices continued to decelerate in the second quarter, declining to 0.7% from +5.2% in the second quarter of 2022. The new deceleration was largely attributable to the slowdown in prices of new homes, whose annual growth rate stood at 0.5%, a significant slowdown from the previous quarter (+5.3%), while prices of existing homes rose by 0.8% (slightly accelerating from +0.3% in the first quarter). At the territorial level, the year-on-year development of housing prices is contrasting, with prices growing in the North (where Milan stands out) and declining in the Center, South, and Islands. Annually, the rate of growth in Milan accelerated to 7.1% from 5.9% in the preceding quarter. Turin follows the trend increase of 4.1% (it was +0.7% in the previous quarter), whereas Rome displays the most restrained growth at 0.6%, decelerating from +1.9% in the previous quarter.