Growth rates for absolute modes of two-plasmon decay are obtained by solving for eigenmodes of the coupled mode equations for obliquely scattered Langmuir waves in real space. This analysis establishes a connection both to previous analysis in Fourier transform space and to other parametric instabilities, the analysis of which is commonly done in real space. The essential feature of the instability which admits absolute modes in an inhomogeneous plasma is the strong spatial dependence of the coupling coefficients, Landau damping limits the perpendicular wavenumbers of the most unstable modes and raises the instability thresholds for background plasma temperatures above 1 keV.