This paper systematically analyzes the economic operation，real estate development investment，real estate construction and real estate sales of Yulin City and Yan’an City in northern Shaanxi Province and analyzes the regional differences，draws the current situation and characteristics of the development of the real estate industry in Northern Shaanxi Province from 2020 to 2021. The results show that the COVID-19 has brought a greater impact to the real estate industry，the growth rate of fixed asset investment has slowed down，and the number of newly started projects in the real estate industry has decreased，but under the real estate policy of maintaining stability，the decline in sales of commercial housing has gradually narrowed，the sales price of commercial housing in various regions has risen steadily，the area of commercial housing for sale has decreased，the effect of destocking is remarkable，the real estate market has developed into a virtuous circle. Finally，according to the problems faced by real estate development，policy suggestions are put forward：（1）adhere to the unshakable regulation and control of the real estate industry，and promote the reasonable return of housing prices；（2）increase supply，vigorously promote the construction of affordable housing projects，grasp the joint construction from top to bottom，and implement the work in a down-to-earth manner；（3）crack down on real estate speculation，increase the cost of speculation，and levy real estate taxes in suitable areas；（4）coordinate regional development，increase investment and transfer payments to surrounding areas，accelerate urbanization construction，and gradually narrow the regional gap.