I started buying domains in '99. It was a great ride in resales until 2004 for me. After that my mid and high x,xxx sales disappeared and most that I have sold since then have been in the low xxx range. Lately, I find it difficult to sell many in the low and mid xx range. Admittedly, I always relied upon branding potential as my sales pitch and didn't start learning about traffic until joining here last year. So I'm sure that has a lot to do with it. I fell behind in the trends...
When it comes to brandable domains however, I suspect that the lists of alternative available domains now offered by all the major registrars when one checks for one and finds it taken might have something to do with it. I remember when you had to come up with your own alternatives and some people simply weren't that creative... I enjoy this as a hobby, but am spending less and less time doing it because it isn't worth my time. Putting endless hours into xx and xxx sales is losing money for me compared with my day job.
I'm trying to get into development, but need to find someone who offers 3-5 page minisites for a fair price and start consolidating my hosting accounts...