Here’s my take on the Valley Village real estate market this third week of October 2026. The numbers tell a story of a market that’s still moving quickly, but I’m seeing a few subtle shifts worth unpacking.

As of this week, the median closed sale price landed at $862,500. That’s a solid reflection of what buyers are willing to pay right now, and it tracks with the steady interest we’ve seen in Valley Village homes for sale throughout the fall. Average days on market dropped to just 14 days — homes are getting snatched up, often with multiple offers. Only two sales closed this week, but that’s more about timing than demand; with 48 active listings on the board, there are plenty of options for anyone ready to make a move.

For buyers, the pace is still brisk, but I’m noticing something encouraging: we had four price reductions this week. That’s not a red flag — it’s a sign that some sellers are recalibrating. If you’ve been waiting for a little breathing room, those adjusted prices might be your opening. You’re still competing, but there’s slightly less frenzy than we saw mid-summer. Six new listings hit the market, so fresh choices are arriving, just not in a flood. The key is to be pre-approved and ready to tour the moment something promising lands.

For sellers, the 14-day average says it all: well-priced, well-prepared homes move fast. But those four price cuts also tell me that overpricing, even in a quick market, can backfire. Buyers are savvy, and they notice when a listing sits. My best advice: lean on real-time comps, not last quarter’s headlines. A sharp initial price often nets more than waiting for a reduction later.

One thing I’m watching closely: the ratio of price reductions to new listings. It’s crept up just a tick, hinting that sellers who test the upper edge are getting honest feedback. That’s healthy — it keeps the market transparent. I’m not seeing any dramatic swing, just a market that’s breathing a bit more normally after a