Buying in an area with a ton of new construction

[Tyler Neison]

I'm located in the East Louisville area where there has been a ton of new SFH construction over the last 2 years as shown in the map below. These new SFH houses range from $300k up to $600k depending on the specific area and builder. Builders are the big names- Fischer, Ball, Pulte, etc. I currently have 1 SFH in this area going up as a LTR later this year and a new personal residence being constructed. Would all of this new housing supply make you reconsider buying additional properties here?