Hey there—Emily here with your weekly look at the Sherman Oaks numbers. The data from this past week tells a story that’s worth paying attention to, whether you’re thinking about buying or selling.

So, what’s happening right now in the Sherman Oaks real estate market in August 2026? The median closed sale price came in at $1,250,000, which feels pretty consistent with what we’ve been seeing in the neighborhood over the last few months. Homes that sold moved in an average of 27 days, so well-priced, well-presented properties are still finding their buyers—just not in a frenzy. We saw 20 new listings hit the market this week, and 21 price reductions. That number of price adjustments standing right next to the new inventory is probably the most telling stat of the week. Meanwhile, we had 4 closed sales,