Escrow.com reports 61.6% increase in domain name volume

Escrow.com released its Domain Investment Index for Q1 2023, reporting a 61.6% increase in total domain name volume, growing from $80.3M in Q4 2022 to $129.8M in Q1 2023

A resurgence in domain names sales was seen in Q1 2023 as the total volume was at its highest since Q2 2022.

Several mega domains, including Chat.com, Prompt.com and NewYork.com, were sold in the first quarter of 2023.

Aside from the mega domains, “.ai” domains hit their peak in Q1 2023 by reaching a total volume of $1M as interest grows for artificial intelligence services. With the AI revolution steaming forward, this trend is expected to continue to grow in 2023 according to escrow.com.

Looking globally, there has been a significant increase in the value of domain name transactions from the United States and the United Kingdom, which have gone up in value from $57M to $87M, and $8M to $22M respectively in Q1 2023.

The median price of two and three character .com {a-z,0-9,-} domain names saw a slight increase as it went from $32.5k to $36k in Q1 2023.

The median price of six character domain names recovered from Q4 2022 as it increased to $5,000 in Q1 2023.