Home Prices May Rise Due to Falling Rate of New Plats in Oklahoma County

Summary


Developers have fewer new subdivisions in the works, which could be good news for home sellers.

According to a report issued Tuesday by Oklahoma County Assessor Leonard Sullivan, residential home values in the county are up only slightly since January, less than 1 percent. But a dearth of new plats could push existing home sales.

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Extract


Home Prices May Rise Due to Falling Rate of New Plats in Oklahoma County

"The reduction in creation of new plats for the construction of new homes and developments in Oklahoma C...

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