Driven by a robust economy and strong consumer confidence levels, solid momentum in St. John's residential housing market carried forward in 2010. Home sales climbed 37 per cent to 203 units in January, an increase of more than 50 units from one year ago, while values topped $248,000, a substantial 23 per cent upswing over the 2009 figure. Active listings, while up by approximately five per cent overall to 999, continue to fall short of demand.Entry-level product, priced from $150,000 – $250,000, is especially tight. First-time buyers represent the largest and most active segment of the market, followed by move-up purchasers. Sales in the top end have also been brisk, given tight inventory levels at the $500,000-plus price point.