Overall according to MLS the average price of homes is down about 8% over the first quarter of last year.
It really depends on the particular neighborhood and school district you are looking in. For the most part home prices are back to 2002 pricing, however South Forsyth is a very sought after area. The schools are among the top schools in the state and it is a very desirable area to live and work in. Homes values are more stable in South Forsyth than in other parts of the metro area and even in Forsyth County. There are still plenty of deals popping up every day.
At the risk of being redundant the only market that really counts is the market on your street. So prices do vary from neighborhood to neighborhood.