1) log onto www.realtor.com.
2) look at all listings for Detroit, and play with the slider to adjust the minimum price.
3) repeat for Chicago.
4) compare and contrast, as follows:
| Detroit | |||
| 1944 | listings total | ||
| 1321 | below $25K | 68% | |
| 623 | > 25K | 32% | |
| 246 | > 50K | 13% | |
| 106 | >100K | 5% | |
| 88 | > 125K | 4.5% | |
| 68 | > 150K | 3% | |
| 47 | > 200K | 2% | |
| 29 | > 250K | 1% | |
| Chicago | |||
| 13237 | listings total | ||
| 3314 | below 100K | 25% | |
| 9923 | > 100K | 75% | |
| 5258 | > 250K | 40% | |
| 1814 | > 500K | 14% | |
| 617 | > 1 million | 4.7% |
Bottom line: There are more homes on the market in Chicago at asking prices of $250,000 or greater than there are at asking prices of $25,000 or greater in Detroit. There are more homes at asking prices of $1,000,000 or greater in Chicago than there are at $125,000 or greater in Detroit.
There are countless other statistics one could cite to indicate the troubles Detroit faces, but this is a quick and easy and very visual demonstration.
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