Research on the Factors Affecting the Sales of Urban Commercial Housing in China

With the rapid development of the market economy after the reform and opening up, there is also rapid development in China's real estate industry. However, in recent years, high prices have been hotly debated. As a pillar industry of the national economy, the real estate industry is not only concerned with the quality of life of the residents, but also with the stable development of the national economy. Moreover, the housing prices are also affected by many complex factors. This article will start from the three perspectives of supply, demand and macro economics, and subdivide them into the four factors that affect the total population, average wages of employees, investment in real estate development, and gross domestic product. Using Equal Part Linear Regression Model to analyze the data in 2016, identify and verify the important factors that affect the sales price, and then drawing relevant conclusions through specific analysis, as well as the implications for the future development of China's housing prices.