本文利用1998-2014年中国35个大中城市的年度土地出让面积和成交价格、年度商品房销售面积和销售金额以及央行M2数据,统计分析货币供应量、地价对于房价的影响关系。研究发现,东部地区房价对于地价反应明显,中部和西部对于货币反应明显;相应,不同地区应基于地域特征,分别从土地供应量及结构控制、资金流入及流出控制引导等不同侧重点,结合对市场购房需求的引导,推动房地产市场平稳、健康发展。 In this paper, we use the annual land transfer area and transaction price, annual sales area and sales amount of commercial housing and M2 data of central bank from 1998 to 2014 in China’s large and medium-sized cities to statistically analyze the impact of money supply and land prices on housing prices. The research shows that housing prices in East China have obvious reaction to land price, and central and western regions have obvious reaction to the currency. Correspondingly, different regions should base on different geographical features, such as land supply and structure control, capital inflow and outflow control guidance, The guidance of the market purchase demand, promote the steady and healthy development of the real estate market.