Cara Froedge of the Jackson Hole News and Guide reports that the mid-point of 2009 marks the first time since 2006 that a majority of the homes sold in the greater Jackson, Wyo., area were priced below $1 million.

Of the 42 single-family homes sold, 48 percent sold for more than $1 million. Froedge cited a report by Jackson Realtor David Viehman and his daughter, Devon. “This is the first time since 2005 we’ve had inventory in this price range,” the Viehmans reported. “At this time in 2008, the least expensive home was $635,000.”