Escrow.com released its Q1 2024 Domain Name Report this morning via Google Drive. The report showed some growth in the domain name aftermarket over the same period in 2023. In Q1 2024, $84 million in domain name sales was transacted via Escrow.com. This compares to $79 million in Q1 2023.
In the brief summary of the report, Escrow.com shared that the value of .AI domain name sales increased as well. Escrow.com had $2.6 million in transaction volume involving .AI domain names in the first quarter of this year. Per policy, the company did not share any of the sales, nor did they share the largest sale.
In the report, you can see the median sale prices for sectors of domain names, like LLL.com, NNN.com, and LLLL.com.
I would imagine Escrow.com remains the top third-party domain name aftermarket transaction platforms. With this market position, their data can be helpful for domain investors looking to get an idea of current market trends.
Certainly Escrow.com is a great intermediary, but I have had 70K in sales the last 30 days and I can not imagine it is not just me but when they close a transaction the funds would clear that day and show up in my bank account the next day LIKE every other ACH.
But now they wait a few days ON THEIR END – no doubt to collect interest. And if is close to a weekend they will wait until Monday. I just had a deal that they dragged thier feet on Friday that should have closed Friday and instead they closed it yesterday and no funds showed up today.
So you take 70K times 5 percent interest divided by 365 equals over $10 a day. Those are the facts.
And when they drag thier feet in approving funds that makes my client VERY nervous as was the case last Friday.
So those are the facts…….