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Million Dollar Home Comparisons<br />

How much can $1 million buy you in today’s real estate market? The answer, of course, varies greatly by market and location. And given the historic price slump in recent years, the matter of when you're buying is almost as important.

CNBC has surveyed 19 markets around the country, from New York City and Los Angeles to Omaha, Nebraska and Anchorage, Alaska, to illustrate the great differences in purchasing power then and now.

So, what can $1 million buy you in today's real estate market versus two years ago? Click ahead to see the comparisons!

By Paul ToscanoPosted Oct 5 2009

Photo: Howard Hanna Real Estate Service, Cleveland // Median Home Prices from National Association of Realtors