FHFA (formerly OFHEO) just released their 3rd quarter House Price Index.  I find this report, which is published quarterly, to be very helpful.  It can tell you what home values are doing in every MSA in the country.  But what I think is really great is that it will break it down for you over the last quarter, past year and over a 5 year period.  I think that 5 year period view is often over looked and can help add much needed perspective.

Here is the link http://www.ofheo.gov/media/pdf/3q08hpi.pdf

When in the document, just hit the search button (looks like binoculars) and type the city you want to review. 

If you have any questions, please do not hesitate to ask.