The growth of real estate development investment kept increasing in 2019，and its contribute rate to the growth of fixed investment is approximately to 1/3. Among which，the growth of residential investment increased，while the commercial property investment decreased. The growth rate of real estate investment in the western regions increased，while it in the eastern regions decreased. The willingness of real estate developers’ land acquisition decreased to the historically low level. On the financing condition in 2019，the financial pressure of real estate developers further increased，the increase rate of financing fund was better than last year，while the financing polices tightened. The real estate bond insurance decreased gently，while the trust financing increased rapidly. Forecasting the influencing factors in 2020，the monetary policy environment would be better，the regulation of real estate financing would be relaxed marginally，while the developers’ debt pressure would increase. We estimated that the growth of real estate investment would decrease to about 4%.