April 2026 Your Castle Real Estate Newsletter

A Steady Climb: Spring Activity Continues to Build

Momentum continues to build as we move through the spring market — and if this sounds familiar, it’s because it is. Last month, we noted early signs of activity picking up, and March’s data is reinforcing that trend rather than reversing it. We’re seeing more inventory, more homes going under contract, an increase in closings, shorter days on market, slight price growth, and a stronger close-to-list price ratio. Even the attached market is showing small signs of life in certain areas. The consistency of these patterns is what stands out. This feels like more than a one-month shift — whether it’s simply seasonality or the beginning of a broader change after a few flatter years is still unfolding.

Inventory continued to expand in March, though at a slightly more measured pace. Active listings came in at 9,846, increasing 9.55% month over month — just under the historical average increase of 11.32% for this time of year. February’s 9.24% jump was already one of the largest on record, so this continued growth still signals a meaningful buildup of inventory. For context, the long-term average number of active listings in March is 13,105, with a record high of 27,309 in 2006 and a record low of just 1,921 in 2021. New listings came in at 5,986, rising 19.94% month over month overall, with detached homes up 24.13% and attached homes up 10.23%. The increase in new listings is consistent with the seasonal ramp-up we expect as we head deeper into the spring market.

Homes also began moving through the market more quickly. Both average and median days in MLS declined notably month over month, with the average dropping to 50 days and the median falling to just 16 days. Detached homes saw even stronger improvements, reinforcing that well-positioned homes are moving faster as buyer activity picks up. The attached market, however, remains more uneven. While median days improved month over month, overall timing is still longer than it was a year ago, and average days have edged slightly higher. In short, detached homes are gaining momentum more quickly this spring, while attached properties are still working through some of the challenges we’ve been seeing, including higher HOA costs, insurance increases, and special assessments.

Buyer activity picked up in a big way. Pending and closed sales both saw strong gains month over month — right around 30% across all segments. Year over year, pending sales are up 5.10% overall, with detached homes up 5.47% and attached homes up 3.87%, signaling steady buyer engagement. The strength in pending activity is a clear indicator that buyers are active and willing to move when the right homes hit the market.

Pricing continues to show modest movement. Month over month, both average and median sales prices increased slightly overall — up 4.34% and 2.61%, respectively, bringing the average price to $711,493 and the median to $590,000. Detached homes saw similar gains, while the attached market posted slightly stronger increases month over month. Year over year, however, the data is more mixed. Overall pricing remains relatively flat, with some variation between segments — detached homes showing strength in average price but slight softening in median, while attached homes are up in both metrics. It’s another indication of a market that is active but not dramatically shifting in one direction.

From Broncos to Baseball: Penners Invest in the Rockies

Colorado’s sports landscape saw another notable shift this month. On April 10, it was announced that Penner Sports Group—led by Carrie and Greg Penner—has purchased a 40% stake in the Colorado Rockies. The Monfort family will remain majority owners, but the addition of new investment introduces a fresh dynamic for one of the state’s most visible franchises.

For many across Colorado, the Penner name is already familiar. The group purchased the Denver Broncos in 2022 for a record $4.65 billion and has since overseen a return to playoff contention. They also broke ground on a new $175 million training facility two years ago, which is on track to be ready for training camp this summer, along with identifying a preferred site for a future stadium in Denver. Their expansion into Major League Baseball signals a broader commitment to Colorado sports—and to the long-term growth of teams that play a central role in communities across the state.

According to the Rockies organization, the investment is expected to strengthen both short- and long-term planning. The capital infusion will allow the team to eliminate existing debt while also providing additional investment into the team itself, alongside continued improvements to the overall fan experience at Coors Field. That balance has long been a defining characteristic of the Rockies organization—one that has made games enjoyable to attend, even as on-field results have struggled to keep pace.

The timing of the investment is particularly notable. The Rockies are coming off three consecutive 100-loss seasons and remain one of five active Major League Baseball teams without a World Series championship. Since their inception in 1993, the team has made just one World Series appearance, resulting in a loss in 2007. That history, combined with long-standing concerns around roster investment and player retention, has made on-field performance a consistent point of frustration for more dedicated fans. Even so, the team continues to draw strong attendance, averaging roughly 30,000 fans per game last season. The combination of loyal fan support and new ownership investment introduces a sense of cautious optimism that the next chapter could look different.

While it will take time to see how this ownership shift translates on the field, the broader takeaway is clear. Across Colorado, professional sports continue to evolve alongside the region itself. New investment, long-term planning, and a growing population all shape not just teams, but the places where people gather, connect, and spend their time. And for many fans, this moment feels like more than just a transaction—it’s a potential turning point, and a reason to pay a little closer attention this season.

For Sellers:

The market is still offering opportunity — but with more nuance. In March, 63.14% of sellers offered concessions. That’s an important shift in expectations. While well-prepared and well-priced homes are still attracting strong interest, buyers are more discerning and negotiating with more confidence. Pricing accurately, preparing the home thoughtfully, and understanding current buyer expectations are key to success in this environment.

For Buyers:

Conditions continue to improve in terms of options and negotiating power, even with the recent interest rate fluctuations we experienced over the past month. Increased inventory means more choice, and while competition still exists for the most desirable homes, it’s not across-the-board intensity. Buyers are retaining some leverage, whether through concessions, inspection negotiations, or simply having more time to make decisions. That said, the best homes are still moving quickly, so being prepared remains important.