Why the REA Group (ASX:REA) share price thumped the market in 2020

The REA Group Limited (ASX: REA) share price was a strong performer in 2020 despite the pandemic’s impact on the housing market.

The property listings company’s shares recorded a gain of 44% over the 12 months.

Why did the REA Group share price storm higher?

There were a couple of catalysts for the outperformance of the REA Group share price in 2020.

One of those was the company’s solid performance during the COVID-19 crisis.

Despite the significant disruption caused by COVID-19, REA Group still delivered a robust FY 2020 result.

REA Group may have experienced a sizeable 12% reduction in national listings in FY 2020, but it only reported a 6% decline in revenue to $820.3 million and a 5% decline in earnings before…