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Mobility Market Report Q3 2024: Escrow Sales Down 61 Percent
Industry Information
10 Oct 2024 03:01:08 PM
Abstract:
NameBio.com has been added to provide data for this report in the Q3 2024 Domain Name Sales Report. The purpose of the report is to present key statistics and generate discussion among industry stakeholders about the fair value of such
Escrow.com is a well-known fund escrow platform that is widely used in business transactions, real estate sales and purchases, domain name trading, and many other areas. It acts as a neutral third-party organization that takes care of the funds or important documents during the transaction process. For example, in a domain name transaction, the buyer first deposits the money into Escrow's account, the seller sees that the funds have been deposited and then transfers the ownership of the domain name, and when the buyer confirms receipt of the ownership of the domain name, Escrow then releases the money to the seller, which effectively protects the rights and interests of both parties to the transaction and reduces the risk of the transaction.
NameBio.com has been added to the Q3 2024 Domain Name Sales Report to provide data for this report.
The purpose of the report is to present key statistics and generate discussion among industry stakeholders about the fair value of such domain names.
Here are some highlights from the Q3 2024 report:
1. Disclosed sales increased 36.83% to $4,162,898, driven by large 4L .com sales such as koko.com, asap.com and gosh.com
2. Escrow.com sales declined by 61.22% to a total of $7,680,707.
3. 4L .com domain names still lead with $4.27 million in sales
4. In the most traded category, the reserve price of 5N .com domain names dropped significantly from $64 to $50 (-22%)
5. 4L .com domain name reserve price remains around $100
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