April Momentum: upswing for internet domain names continues

The latest estimates for the Internet Domain Name Index (IDNX) show a 2.4% increase of resale prices in April as compared to March. The number of sales remained at similarly high levels to March.

Obviously, we will never know whether prices would have gone up even more if new gTLDs were not being released in just a few months. Nevertheless, these figures indicate that the massive expansion of the domain name space happening with ICANN’s new gTLD program is not depressing domain markets. Are the new extensions an addition to rather than a substitute for existing domains?