The REA Group Limited (ASX: REA) share price is the worst performer on the S&P/ ASX200 (ASX: XJO) today after falling 5% to $75.62 on the back of no specific news.
Despite today's share price falls the REA Group share price has still climbed around 20x from $3.70 this time 10 years ago, which makes its position as the worst-performing stock on the benchmark index slightly unusual.
The online advertising business behind realestate.com.au has released no specific news to the market and the share price fall is likely related to an analyst downgrade, or more general investor concerns over the outlook for Australia's residential property market.
A falling property market is not good news for REA Group, but not the end of the world as the harder it becomes to sell properties the more vendors might be inclined to use REA Group's premium advertising services for extra fees.
Elsewhere today REA's rival Domain Australia Holdings Ltd (ASX: DHG) is down 1.5% to $2.56, while the S&P/ ASX200 is in the black, but only by 0.1%.
