Isotropic inhomogeneous dust universes are analysed via observational
coordinates based on the past light cones of the observer's galactic w
orldline. The field equations are reduced to a single first-order ODE
in observational variables on the past light cone, completing the obse
rvational integration scheme. This leads naturally to an explicit exac
t solution which is locally nearly homogeneous (i.e. FRW), but at larg
er redshift develops an inhomogeneity. New observational characterizat
ions of homogeneity (FRW universes) are also given.