Just found a great article on US News & World Reports comparing what you get for a median priced house in different cities around the country. The article, as with all of their articles, is very well written and researched.
One very interesting fact from their article is that national median price of an existing home dropped to $177,700 in August. Put that in some type of context you say? Well, two years prior to that you would have had to pay $225,000 for a median priced house. Yes, that is a 21 percent decrease. In some areas of the country I’d say that is right where you would expect, but in others you can not even sniff a new house for $177,700.
I recommend reading their article to see how your region has been affected in the last couple years.