This was an impressive result given the soft housing market conditions and demonstrates how REA Group is able to grow revenues through skilful management and a strong sales team. Some of the revenue growth has come about as it's easier for REA Group's sales team to sell "depth" or "premiere" listings to vendors' agents, as it is now much harder to sell your property than it was in the boom-time years of 2012-2017. While the News Corp ( ASX: NWS ) majority-owned REA Group is trading flat over the past year, rival Domain Holdings Australia Ltd ( ASX: DHG ) has lost one third of its value to go from $3.30 per share to $2.20 today. Domain remains majority owned by the newly-merged Fairfax Media and Nine Entertainment Co Holdings Ltd ( ASX: NEC ), which is hoping to cross sell products on the site while extending its reach to the Australian public.