Escrow.com released its Domain Investment Index for Q2 2020. The report provides insight into the domain name market for the second quarter of 2020, compared to previous quarters.
The latest data from Escrow.com shows that in Q2 2020, domain sales were heavily impacted by the economic uncertainty caused by COVID-19. In April of 2020 as lockdown measures were implemented around the world, Escrow.com observed a reduction in volume of domain names transactions overall.
Escrow.com Domain Investment Index Q2 2020 highlights:
Total transacted domain names amount dropped from US$85.8 million to US$55.2 million, the lowest seen since 2018. We saw a drop in transactions as the COVID-19 pandemic started to affect domain transactions, especially in the US.
- Median domain name price return dropped -13.8% year-on-year for Q2 2020
- Median price of domain name with content dropped in half to US$3,500, while domain names without content dropped slightly to US$2,500
Transactions in Hong Kong picked up to US$2.4 million in Q2. However, the other leading countries such as Canada, China, US and UK, dropped in Q2, with the US having the largest drop, from US$70 million to US$42.6 million.
The quarter started weak in April but saw slow recovery – overall though, the quarter ended low.
Signs of recovery are visible in areas where market participants have adjusted to ‘the new normal’, however, these months did not recover sufficiently for positive growth in volume across the quarter overall.
You can view the full report here.