A calmer selection process starts with knowing how much is actually available.
If you are trying to decide whether you can be selective or need to move fast, the early answer is that Montgomery, MN is giving you some room to think. Over the previous 30 days, supply stood at 5 months, which points to a market that is not forcing every decision into a rushed timeline.
In Montgomery, MN, the most useful starting point is availability. Recent supply stood at 5 months, and the typical asking price for homes still on the market was $368,900 over the previous 30 days. That gives me a clearer picture of choice than sold pricing right now, because the typical closed price was Not reported.
For someone trying to buy a home without stretching into the wrong fit, that matters. A market with 5 months of supply is not the same as a situation where almost nothing is available, so I would focus less on panic and more on matching the home, payment, and condition to your real needs. In Montgomery, MN, the asking price for newly listed homes was $330,000 last month, which tells me there are options entering at a lower typical price point than the broader active pool.
Start by separating must-haves from nice-to-haves before you tour. Compare new listings near $330,000 with the broader active market near $368,900 so you know where flexibility may exist. Walk into each showing with a price ceiling and a repair ceiling, then stick to both.
