The agent’s phrase “meeting the demand” is meaningless because “the demand” is irrelevent until those people have the financial means to satisfy their demand. That happens in one of two ways – either those households all have to make the $150k+ annual incomes it would take to buy at the current prices, or the current prices have to come back down to what an annual household income of $70k can afford to buy.
If there is so much demand at these prices, why are there 15,000 units languishing on the market right now?