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Maybe let him know you have "heard the news" and would be happy to discuss buying the property from him. He would save on fees and it could be the quickest, easiest sale he gets. Even if he isn't interested in selling to you for the price you think it is worth, if it is indeed overpriced, by...

You don't need to expose his "charade" or embarrass him. Just ask in "I noticed you are selling. What changed your mind. Are you staying in the area? Where are you planning on moving to? Hope we haven't done anything to make you move." Keep it friendly, lighthearted and non-accusatory. People...

Why not just ask him why he didn't mention it to you?