Population is one of the most important elements that has impact on real estate development. Employment plays a crucial role in motivating population movements. The divergence of employed population distribution among cities results in the difference in the levels of real estate development. Thus，this paper investigates the relationship among employment，real estate market scale and housing price，from the perspectives of employment and industrial distribution. The finding reveals that employment opportunity as a stimulator causes population agglomeration and increasing income level，which results in expanding market size and boosting housing price. This paper also explains the effects of industrial development，talent cultivation and housing purchase policy on employment. We suggest that policymaker should focus on increasing the supply of affordable rental housing，adjusting the industrial structure，improving educational reform and providing supports for talent in order to maintain stable and healthy development of real estate market.