Sedo has announced that the 2007 was a record breaking year for aftermarket domain names, with the demand reaching a new benchmark. The company was able to top the $70 million mark in domain sales for the first time in history, a number that almost doubles their domain sales from the previous year.

In their Domain Market Study for 2007, Sedo also announced that average domain price had gone up about 7.8 percent overall, which was helped by the increase of value by .co.uk, .es, .eu, and .mobi domains. Some traditional top-level domains, such as .info and .biz, saw a noticeable decrease in average value.

With over 10.5 million domains listed for sale in the Sedo marketplace, there seems to be a bright future ahead for the industry. Businesses and organizations are increasingly adding to the demand for aftermarket domains as they can no longer find ideal domain names through traditional registrars.

While aftermarket domains continue to rise, so do the payouts for domain parking. In 2007 Sedo paid out over $50 million in parking revenue to its members, with a noticeable per site increase across the board.

Tim Schumacher, chief executive officer of Sedo, stated in the annual report that “2007 proved to be another banner year for Sedo as even more businesses and investors became aware of the pivotal role secondary domain names play on the internet. We look forward to continued global expansion in both our domain brokerage and parking service offerings.”

The full report is on Sedo’s website.