Escrow.com reports uptick in domain sales

Views:119 Time:2024-05-02 21:26:33 Author: NiceNIC.NET

Escrow.com shows sequential growth in domain sales but down year over year.

Escrow.com reports uptick in domain sales
Sales ticked up last quarter but were well below a banner quarter a year ago.

Escrow.com released its Q1 Escrow Domain Investment Index (pdf) today, which reported a slight uptick in domain sales compared to the Q4 of last year.

Overall, the service handled $84 million of domain name and website transactions in Q1, up from $79 million in Q4 of 2023.

It’s still a steep drop from the same quarter a year ago, though, when Escrow.com handled $130 million of transactions.

Q1 of 2023 was buoyed by some big transactions, including the $15.5 million sale of chat.com. That makes it a tough year-over-year compare.

On the positive side, Q1 2024 was the best quarter since Q2 2022 if you exclude the Q1 2023 anomaly.

The market for .ai domains continues to bloom while remaining a tiny sliver of the overall market. The company handled $2.6 million of .ai domains in Q1, up from the previous record of $2.1 million set just a quarter ago.

The median of all domain transactions was $5,000.

Source from Domain Name Wire

 

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