After the financial crisis in 2008, real estate market in Fushun city began to appear the promising phenomenon. However, in the reality of our city, the small and medium-sized real estate industry still had many problems. The operators did not have a strong sense of investment, the basic decision-making lying in the experience, and most developers lacked scientific and objective analysis of the feasibility of investment. In addition, the supply and demand was disjointed. On one hand, excessive inefficient supply resulted in a great deal of vacancy; on the other hand, the keen need of people wasn't met. The factor and mechanism of the risk in real estate market were analyzed. On this basis, the fuzzy evaluation method was applied to appraise real estate risk of Fushun and the relevant preventable and controllable measures were put forward.