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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