Yes, if you focus on entry points that are actually showing up on the market.
If your biggest question is whether a first purchase still feels reachable, I would start with the homes coming on the market now. In Montgomery, MN, the typical asking price for new listings was $330,000 last month, which gives a more useful entry signal than guessing from unavailable closed-price numbers.
For a first purchase, the question is not just price - it is whether enough homes are showing up to give you choices. Recent supply stood at 5 months, and newly listed homes carried a typical asking price of $330,000 over the previous 30 days. That combination gives me a more measured read on Montgomery, MN than a market where supply is extremely thin.
I would still be careful with assumptions. The typical asking price for homes under contract reached $372,450 recently, and active homes sat at $368,900, so the homes attracting attention may be landing above the newest entry point. In Montgomery, MN, that makes preparation especially important for anyone trying to buy without overextending.
Get fully clear on your monthly payment before you schedule tours. Target the new-listing range first, then expand only if the home quality justifies it. Write down your non-negotiables before you visit properties so excitement does not pull you past your budget.
