Prices decline 2.1%, but domain market remains stableAccording to IDNX, the domain name price index, April experienced a decline of 2.1% in the domain market. Although this is a dip as compared the record high prices of March 2012, the domain market has experienced nearly 22% growth over the past six months, meaning that April’s figures are still among the highest since summer 2011.
The stability of the domain market is further evidenced by the fact that domain value has decreased less than most other stock indices this month. The NASDAQ 100 fell by 3.1%, Apple lost 2.5%, and internet giant Google gained only 0.4%, the smallest increase they have seen in some time. Given the declines in the economy at large, it is only natural that we would see small changes in the domain market too, further proving that domains as investments are closely tied to the economy at large.
Overall, domain owners should be able to look forward to a healthy, stable market for the coming months!
Read more about IDNX now.
This Sedo announcement was sourced from: