Data from the Arizona Regional Multiple Listing Service (ARMLS) shows that 5,416 homes sold in April 2025—that is a 4.6% increase from the same time last year.

Spring 2025 has arrived in Greater Phoenix, and the housing market is showing signs of cooling off. For the first time in a while, buyers are starting to gain the upper hand—but not everywhere, and not in the same way. Underneath the headlines and average prices lies a much more complex and revealing story, shaped by neighborhood dynamics and the way we interpret the numbers.

Every home tells its own story — and behind each of those stories is Karen DeGeorge, a trusted guide who turns real estate dreams into reality. It’s no surprise, then, that for the first quarter of 2025, Karen has been recognized among the Top 5% of Listing Agents in the Phoenix Metro Area by the ListerPros Elite Agent Program..

It’s a bright Saturday morning in Phoenix. The open house signs are out, but something feels different. Buyers are strolling through homes without the usual urgency. No panicked bidding wars, no escalating offers written on napkins. Instead, there’s a sense of ease. The Arizona real estate market, once dominated by frantic competition, is shifting. For the first time in years, buyers have the upper hand. If you’ve been waiting for the right moment to buy, that moment may be now. The latest data from the Cromford Report—one of Arizona’s most trusted real estate market analysts—confirms it. The balance of power in housing is changing. And that shift is picking up speed.

When I first sat down with Jaki Underwood in early 2024, I pitched an idea that felt ambitious—maybe even a little crazy. I wanted to launch a magazine that would bridge real estate, business, and community. Without hesitation, Jaki saw the vision and said, “Let’s do it.” That unwavering belief in possibility defines her approach—both in real estate and in life. I have known Jaki and her family for over eight years, and throughout that time, I’ve witnessed her dedication to her community and her ability to bring people together. Now, as Arizona Ascent Magazine celebrates its first anniversary and Jaki marks two years with Russ Lyon Sotheby’s International Realty, it’s the perfect time to reflect on her incredible journey.

Six months ago, buying a home in Arizona felt like trying to win the lottery. You’d find a house you loved, rush to put in an offer, and—just like that—it was gone. Homes were selling in days, sometimes hours, and buyers were left scrambling. Sellers barely had to lift a finger, with bidding wars driving prices sky-high.

The Arizona real estate market continues to shift, with some cities holding strong for sellers while others show signs of cooling down. If you’re thinking about buying or selling, understanding these trends can help you make the right move.

With 2025 just around the corner, it's the perfect time to explore a question that often arises in Arizona's real estate circles: "Where's the money flowing?" Recent data from Cromford Public, an add-on to the widely respected Cromford Report, reveals fascinating insights about the residential real estate dollar volumes across Maricopa and Pinal Counties from November 2023 to November 2024.