Sherman Oaks Housing Market & Real Estate Update: Rates Dip, Pricing Stays Firm
Sherman Oaks, CA – March 3, 2026 – Mortgage rates dipped below 6% and local pricing stayed high; buyers may find more choices and time to negotiate.
Housing Market & Real Estate Update
A modest drop in financing costs is colliding with still-firm pricing, creating a market where well-positioned homes can move while older listings may offer more negotiating room.
- Mortgage rates: Freddie Mac’s weekly average 30-year fixed rate registered 5.98% (week ending Feb. 26), a notable move below 6%.
- Recent pricing: Redfin neighborhood trend data shows a $1.5M median sale price (Jan. 2026), up 7.1% year over year.
- Active market pace: Realtor.com shows a median listing price around $1.524M, roughly 279 active listings, and a reported 74 median days on market.
What this can mean for buyers and sellers
Higher-end pricing has remained sticky, but slightly lower rates paired with a longer marketing window can shift leverage on certain homes. Properties that have been sitting may be where buyers find added flexibility on contingencies, repairs, or negotiated credits.
Development & permits watch
Los Angeles City Planning has been rolling out Universal Planning Review services (announced as live Feb. 17, 2026), aimed at helping applicants clarify zoning pathways earlier in the process for qualifying projects.
Local activity can vary block to block—watch for signals like price reductions, increased showing traffic, or homes choosing to rent instead of sell.