Phoenix Housing Market Being Manipulated? | Phoenix Real Estate Market Update

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A Reddit thread is claiming the Phoenix housing market is being manipulated against buyers — sellers relisting homes to reset days on market and keep prices high. So I pulled the actual data to see what's really going on.

In this week's Phoenix real estate market update, we break down agent days on market vs. cumulative days on market (and the 45-day reset rule most buyers don't know about), why days on market alone doesn't define a buyer's or seller's market, and the one stat that actually caught my attention: the listing success rate, which is currently showing just 59% for August — down from 72% in May.

We also cover:
• Current days on market in the Phoenix metro (48 ADOM / 62 median CDOM) and how that compares to 2004–2022
• The Cromford Market Index at 80 — what that means for buyers and sellers
• Which Valley cities are in a seller's, buyer's, or balanced market right now (Mesa, Paradise Valley, Queen Creek, Tempe, Peoria, Avondale, Gilbert)
• Mortgage rates at 6.79% and the steady climb since February
• The contract ratio map — why so many zip codes are running cold