July marked the 14th straight month of sales volume increases and sixth month of median price increases in the Austin area, according to the MLS report released by the Austin Board of Realtors.

The report showed that 2,344 single-family homes were sold in the area last month, 20 percent more than July 2011.

During the same period, the median price was $214,000, a 9 percent increase over last year.

The market had 4.3 months of inventory, which is two months less than July last year. In addition, the market had 18 percent fewer active listings and 16 percent more pending sales compared with the previous year.

On average, homes spent 63 days on the market last month, a decrease of 14 days from a year ago. But in some areas, homes aren’t staying on the market 48 hours.

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