Domain sales rebound after sluggish Q2.
The domain name aftermarket rebounded in the third quarter of 2020 after a dismal second quarter.
Escrow.com reports that it handled $77.5 million of domain name and website transactions in Q3 2020, compared to $55.2 million in Q2.
While many companies handle payments for aftermarket domain names, Escrow.com is seen as a bellwether for the market because it handles many private sales. It’s also the only large company that reports aggregate sales data each quarter.
Escrow.com blamed the Q2 drop on the pandemic and businesses holding off on closing deals.
Q3’s number is lower than Q1, but beat Q3 of 2019.
Transactions in the U.S. increased from $42.6 million in Q2 to $58.0 million in Q3.
The median price for domain name transactions in the quarter was $2,750, and the median for websites was $5,000.
Escrow.com’s full Q3 report is available here (pdf).
© DomainNameWire.com 2020. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.