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Editor & Publisher Ron Jackson.


Latest Quarterly Report from Escrow.com Shows Strong Rebound in Aftermarket Domain Sales

Escrow.com has released their latest Domain Investment Index report covered the third quarter of 2020. Escrow reported transacting $77.5 million worth of domain sales on their platform in 3Q-2020, a 40% surge from the $55.2 million they booked the previous quarter when buyers and sellers were still unsure about how deeply the current Covid-19 pandemic would affect business. 

That second quarter number represented a stomach churning 36% drop from the $85.8 million that Escrow.com posted in the opening quarter of the year. However, Escrow's 3Q numbers topped what they did in the same quarter a year ago and brought them back to within 10% of their 2020 high water market. With the closing quarter often being a strong one in the domain world, 4Q could end up being the year's best. 

Of course, there are still many question marks hanging over the economy with a second wave of Covid-19 now underway around the world as well as the full impact of the 2020 U.S. elections yet to be determined. One thing for sure - Covid has forced many businesses to strengthen their online presence or launch one if they haven't already - helping put the domain industry in a much more favorable position than many based in  the physical world.

For a full breakdown of all of the Escrow.com data check out the full report here (.pdf file).

(Posted November 9, 2020)  

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