Abstract: The real estate industry efficiency issue is very important for the study of development of real estate in China. This paper provides an analysis of efficiency for real estate industry from both static and dynamic perspectives with the input-output panel. Data of 30 provinces from 2006 to 2014 are provided by making use of CCR model, BCC model, super efficiency(SDEA)model and Malmquist Index decomposition model. Empirical results show that from the static perspective, the overall efficiency is high and escalating. The scale efficiency is related to real estate industry and the trend of scale increasing becomes more obvious. There are only four provinces, Shanghai, Ningxia, Neimenggu and Hainan, whose average super efficiency is greater than 1 from 2006 to 2014. From the dynamic perspective, the dynamic efficiency of real-estate industry in China has been growing by an annual average of 5.4%, but the growth impetus came mainly from its technical efficiency rather than technology change index. Based on different influence factors of comprehensive efficiency and its input-output indicators about the low efficiency provinces, this paper makes proposals to promote the efficiency.