Rancho Mission Viejo's real estate market is currently hot with low inventory and high demand. Home prices have decreased 13.9% in the past month. At the current pace, all available homes in Rancho Mission Viejo would sell out in just 1.4 months, indicating a continued supply shortage. Transaction volume is up 300% compared to what's typically expected this time of year. A significant 45.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Rancho Mission Viejo market with the affordability index at 605.8. Based on current market indicators, home prices in Rancho Mission Viejo are projected to increase by approximately 6.7% over the next month.