The REA Group (ASX:REA) share price is up 33% in 2020

The REA Group Limited (ASX: REA) share price was unable to continue its impressive run on Thursday and edged slightly lower.

The property listings company’s shares ended the day 0.15% lower at $140.55.

Impressively, this means the REA Group share price is still up over 33% since the start of the year.

Why is the REA Group share price racing higher in 2020?

Investors have been buying REA Group’s shares this year thanks to its solid performance in FY 2020 and strong start to the new financial year.

In FY 2020, REA Group overcame the tough trading conditions caused by the COVID-19 pandemic to deliver a far better than expected result.

For the 12 months ended 30 June, the company posted a 6% decline in revenue to $820.3 million…