Based on demand and supply of real estate market, establishes a price model by econometrics method and introduces the real estate market data of Hunan province from 1995 to 2010 for empirical analysis. Concludes that if the other conditions remain unchanged, the actual price changes 0.647 6 units in the same direction as the housing completion price varies 1 unit accordingly, while the loan interest rate expectation varies 1 unit, the actual price changes 10.610 3 units in the opposite direction, and the actual price changes 0.672 8 units when the house price in previous period changes 1 unit, and put forwards corresponding proposals to promote the coordinated development of real estate market.