Abstract—REAL ESTATE MANAGEMNET SYSTEM, The thesis uses grey relevance theory to analyze the relations between Changsha’s Real estate prices and its influencing factors. The result of the analysis proves that the sequence of the factors influencing real estate prices is urbanization level, < Final Year Projects > residents, per capita income, annual average lending rates, M2, exchange rate, inflation rate, housing supply. Rising real estate prices is a medium-to long-term trend. Short-term fluctuations in real estate prices more are caused by external factors that affect housing prices. Effect of scientific and reasonable regulation of real estate policy Should be Coordinate between rising real estate prices, the improvement of China’s urbanization rate and increase in the incomes of the people,reduce impact on the national economy and people’s lives as real estate prices of short-term volatility.