Noteable stats in this article include "The $476,000 overall median was down $6,000 from August and off $22,000 from September last year, the biggest year-over-year dollar reduction DataQuick has reported since it began keeping local records in 1988."
The article also notes that prices have moved back to early 2005 levels. I suspect we are heading towards 2004 soon in terms of the median price. This blog has many many examples of properties that are listed or have sold for less than 2004 prices.
Local home prices continue to fall