Abstract: The paper adopts the coupling degree model to measure the coordination between urbanization and real estate development to decode the coordination process and mechanism of these two fields in Wujin New District, Changzhou, from 2006 to 2016. The result shows that the coordination between urbanization and real estate development in Wujin is improved overally. However, the process of improvement is never smooth but can be divided into three stages according to the structure and mechanism of coordination between urbanization and real estate development. In the first stage (2006-2010), the coordination and interaction between real estate development and land urbanization sits the lead; while in the second stage (2011-2015), the coordination and interaction between real estate development and population urbanization run the frontier and become the lead; in the third stage (since 2016), the coordination between urbanization and real estate development is improved, but the improvement rate converges towards zero. This means the coordination between urbanization and real estate is facing the “trap of stagnation”. To facilitate higher coordination, the paper suggests to change the partial coordination and development strategy extensively employed by local governments in the past two decades, and a more systemic coordination strategy among population urbanization, land development, industrial development, provision of public services, and real estate development is needed.