The total value of domain name transactions facilitated by Escrow.com passed the $85 million mark in the first quarter of 2019, exceeding the last quarter of 2018 and of the past 7 quarters was surpassed by only the second and third quarters of 2018, according to the Escrow.com Internet Domain Name Index Q1 2019 released this week. Of the last 7 quarters, the second quarter of 2018 had the highest sales with $97 million in domain name transactions.
The United States once again led the way for total domain name transaction value but of the top 5 regions, both Canada and Hong Kong saw a surge in transaction value from Q4 2018.
The value of domain name transactions in the United States rose strongly in the first quarter of 2019, up from $55.6 million in the fourth quarter of 2018 to $62 million. The result was below 2018’s second quarter peak of nearly $70.3 million.
Canada overtook the United Kingdom as the next largest region for total domain name transacted value, rising to $9.16 million versus the United Kingdom’s $8.58 million. China continued its decline following its peak in the second quarter of 2018 of around $18.4 million in total transaction value. In the first quarter of 2019, by comparison, the China saw $5.8 million in total transaction value.
The report also notes the median price of domain names with content continued to outstrip that of those without content, and skyrocketed in Q1 2019 to a historical high of $9,800 compared to $4,800 the previous quarter. Domain names without content, meanwhile, remained flat with a median price of $2,500. This median price has now remained unchanged for six consecutive quarters.
The sum total value of domains without content continues to far surpass those with content, suggesting a much higher overall volume. According to the report, total value of domain names without content in Q1 2019 rose to $54.8 million, up from $45 million in Q4 2018. However, the sum total value of domains with content followed the trend of median prices for those domains, more than doubling from $7.1 million in Q4 2018 to US$15.2 million in Q1 2019.
The report also looks at sales of .com domain names by length. 2 and 3 character .com domain names spiked in the fourth quarter of 2018 to a median price of over $350,000 compared to their usual price of averaging around $20,000, and in the first quarter fell back to around $80,000. 4 character .coms also spiked in Q4 to around $8,000 but then slightly increased, while 5 character .coms also spiked in Q4 to around $3,900 falling in Q1 to around $2,800. 6 character .coms also spiked, but back in Q1 2018 and have remained around $2,800 since.
The report is available for download from the Escrow.com site here.