Well, it is actually possible to do a "sort by dictionary values". Recently I had to do that in a Code Golf (Stack Overflow question Code golf: Word frequency chart). Abridged, the problem was of the kind: given a text, count how often each word is encountered and display a list of the top words, sorted by decreasing frequency.
If you construct a dictionary with the words as keys and the number of occurrences of each word as value, simplified here as:
from collections import defaultdict
d = defaultdict(int)
for w in text.split():
d[w] += 1
then you can get a list of the words, ordered by frequency of use with sorted(d, key=d.get) - the sort iterates over the dictionary keys, using the number of word occurrences as a sort key .
for w in sorted(d, key=d.get, reverse=True):
print(w, d[w])
I am writing this detailed explanation to illustrate what people often mean by "I can easily sort a dictionary by key, but how do I sort by value" - and I think the original post was trying to address such an issue. And the solution is to do sort of list of the keys, based on the values, as shown above.