The March 2011 MPLS home price index stands at 105.57. It is now down to July 2000 valuations. The index peaked in Sept. 2006 at 171.12. Currently down 38% from the 2006 peak. After some recovery in prices, the index has been falling for the past 8 months. Prices have dropped 10% in the past twelve months.
The full housing index is found here.