This document is study of residential real estate development in Accra, Ghana. A study of house price behavior in U.S. cities by Gyourko, Mayer, and Sinai (2006) raises questions about so-called superstar cities in which housing is so inelastic ally supplied that it becomes unaffordable, as higher-income families outbid residents. The authors consider the case of Accra, in this light, estimating the elasticity of housing supply and discussing the implications for growth and income distribution. There is not a great deal of data available to examine trends in Accra, so the authors’ method is indirect. First, they use a variant of the traditional monocentric city model to calculate the elasticity of Accra’s housing supply relative to those of other similarly-sized African cities. This suggests that housing supply responsiveness is much higher elsewhere. This muted supply responsiveness is consistent with the observed higher housing prices. This paper was prepared as a background paper for a Public Private Infrastructure Advisory Facility (PPIAF) study of a Multilateral Investment Guarantee Agency-sponsored (MIGA) residential real estate development in Accra. Patrica Annez, Paul Asabere, Deniz Baharoglu, Charles Boakey, Jan Brueckner, Mila Friere, Sumila Gulyani, Olivier Hassler, John Hine, and Kyu Sik Lee made a number of helpful comments on earlier versions of this work.