In 2007，real estate control policy obviously payed role on the decline of real estate development investment in Shanghai，the supply of real estate may be tight next two years. The land transfer had a slight rebound，but the land was less center city and more suburb，less industrial and more residential structural.The real estate market has substantially reduced supply，but demand remained strong，the coming period contradiction between supply and demand may be highlighted.In 2007，average real estate prices was stable，with price index reaching record highest，and the rebound may be larger.