I’ve been predicting a strong year for the domain market for the past few months. As you may or may not know, I dropped several thousand dollars on a single domain right before this past Christmas (and its coming along better than I even imagined.)

Thats not to say that thousands of domains out there are overpriced. There is no shortage of terrible deals out there which are best avoided.

That being said, the already hot domain market is only going to get hotter. TRAFFIC Silicon Valley wrapped up, and DNJournal has an inside look at what went on.

While Marchex was the first public company to make a large purchase in this space (the $164 million buy of the Name Development portfolio last year), Bayme said giant media companies like Time Warner, Fox and Viacom could eventually enter the space as the industry consolidation that is just now beginning plays out.

There will still be a few years left where average guys can pick up really good domain names. Those days are passing. If you see a sweet deal, don’t hesitate to grab it.