Austin-area home sales set a record in July for the fourth consecutive year.

According to the Austin Board of Realtors, about 2,721 single-family homes sold in Central Texas during July, an 11 percent increase over last year. The median home price hit $178,190, an increase of 5 percent. Those sales generated a total of $668 million for the local economy, an increase of 21 percent.

The number of active listings decreased by 6 percent, to 8,368.

The Austin Board of Realtors is a nonprofit representing more than 7,500 licensed Realtors in Central Texas. It operates the Multiple Listing Service.