This paper analyzed the quarterly data of Chinese macro economy,housing market and land market from the first quarter of 2001 to the fourth quarter of 2010 through unit root test,simultaneous equations model and three stage least squares(3SLS) based on macro-policy for regulating housing market in the last ten years.The results show that the main determinants which affect Chinese house turnover in turn are house price,money supply(M2),land supply quantity,per capita disposable income of urban re...