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Last year, two dozen four-bedroom homes in an oceanfront Manhattan Beach neighborhood rented for a median price of $16,000 a month, according to data from the multiple listing service.

Under those rules, seller agents had to publish an offer of compensation to the buyer’s broker when listing homes on NAR-affiliated multiple listing services, or the MLS.

Under the old system, listing agents had to publish an offer of compensation to the buyer’s broker when listing homes on NAR-affiliated multiple listing services, or the MLS.

Even so, prices are rising more slowly than at the height of the pandemic-fueled market, according to May data the Northwest Multiple Listing Service released Wednesday.

Sellers listed more homes for sale in May than during the same period last year, according to the multiple listing service.