Three essential Characteristics marked the operation situation of Henan’s real estate in 2014：to begin with，the operation situation of Henan’s real estate this year is on the downward trend，yet it is better than the national overall situation；and then，the market of real estate is clearly differentiated；finally，the operation situation of Zhengzhou’s real estate is still on the upward trend. The future trend of real estate market in China will be decided by the following factors：government efforts on bail-outs，the choice on urbanization approaches，banks’ financial policies and their implementation effects as well as the needed time on the establishment of long-term mechanism. For the sake of the sound development of Henan’s real estate，the following notions are supposed to be established：real estate cannot be employed as an everlasting economic growth trigger；exorbitant housing price might well be an obstacle for Zhengzhou’s leaping development；the development of real estate relies on the sustainable resources and environments. Therefore，this present paper is designed to offer a few proposals for the authorities and the developers.