Home prices are falling nationally, but there are some markets that are still seeing big price gains:

Salt Lake City, Utah
Median home price Q2 2007: $233,100
Median home price Q2 2006: $191,200
Change: +21.9%

Binghamton, N.Y.
Median home price Q2 2007: $111,200
Median home price Q2 2006: $92,800
Change: +19.8%

Salem, Ore.
Median home price Q2 2007: $227,900
Median home price Q2 2006: $195,300
Change: +16.7%

Farmington, N.M.
Median home price Q2 2007: $201,900
Median home price Q2 2006: $177,100
Change: +14%

Allentown- Bethlehem- Easton, Pa.-N.J.
Median home price Q2 2007: $274,500
Median home price Q2 2006: $243,400
Change: +12.8%

Beaumont-Port Arthur, Tex.
Median home price Q2 2007: $127,700
Median home price Q2 2006: $114,200
Change: +11.8%

Reading, Pa.
Median home price Q2 2007: $157,800
Median home price Q2 2006: $141,900
Change: +11.2%

Glens Falls, N.Y.
Median home price Q2 2007: $175,700
Median home price Q2 2006: $158,700
Change: 10.7%

Spokane, Wash.
Median home price Q2 2007: $197,700
Median home price Q2 2006: $179,000
Change: +10.4%

Cumberland, Md.-W.V.
Median home price Q2 2007: $109,300
Median home price Q2 2006: $100,000
Change: +9.3%

Bismarck, N.D.
Median home price Q2 2007: $151,400
Median home price Q2 2006: $138,600
Change: +9.2%

Seattle, Wash.
Median home price Q2 2007: $395,300
Median home price Q2 2006: $363,000
Change: +8.9%

San Jose-Sunnyvale-Santa Clara, Calif.
Median home price Q2 2007: $865,000
Median home price Q2 2006: $795,000
Change: +8.8%


Raleigh-Cary, N.C.
Median home price Q2 2007: $225,100
Median home price Q2 2006: $207,700
Change: +8.4%

Charlotte, N.C.
Median home price Q2 2007: $207,300
Median home price Q2 2006: $191,400
Change: +8.3%

Trenton, N.J.
Median home price Q2 2007: $313,900
Median home price Q2 2006: $290,400
Change: +8.1%

Pittsfield, Mass.
Median home price Q2 2007: $230,900
Median home price Q2 2006: $213,800
Change: +8%

In its latest forecast for the real estate market, National Association of Realtors (NAR) on Wednesday projected that existing home sales will fall 6.8% this year to 6.04 million, compared with its previous forecast of a 5.6% decline.

The outlook for new home sales continues to worsen. The NAR said new home sales are likely to fall 19.0% to 852,000, compared with the prior forecast of a 17.7% drop.

Lawrence Yun, NAR's senior economist, said the market was likely to be relatively stable going forward, suggesting that the worst drops in activity are behind the housing sector.

"Existing-home sales should be relatively stable over the next few months, holding in a modest range, with some pent-up demand growing from buyers who've been on the sidelines," Mr. Yun said in a statement.

Mr. Yun continued to forecast a relatively mild upturn in housing activity towards the end of this year and going into 2008.

I think its quite difficult to tell about over all market that when it will come back up, because in some region either market is stable or starting to come back up. Like in Manhattan and Brooklyn, NY. The median home prices rose 5% in first quarter of 2007 as compare to same period year ago. So looks like we are starting to see some upward trend, but only in certain regions.