It says the property was priced right. If the property was way under market, it would have generated mulitple offers. If it was priced very high, it would sit without any inquiries or showings. It it was priced slightly high, it may get limited showings, but no offers.

Properties new to the market get more attention. Buyers active in the market for a while know all the properties currently for sale and have already decided that none met their needs well enough to spark them to write an offer. These active buyers in the market for a while simply wait for new properties to appear and are prepared to visit any that appear promising. These buyers are poised to write an offer if the right property comes along, and they have already researched and studied the market. They have an idea of what they think is a reasonable price, and can mentally draw comparisons to other properties they have seen come an go. When a new property comes on the market, the buyer knows that sellers will generally hold close to their asking price unless or until the market tells them no buyers will meet that price. Properties that are new to the market generally sell closer to asking price.

Sarah
In my area listings that sell within the first 30 days sell closest to asking price. That means the longer a listing sits, the less the seller will get.
About 90% of the time the buyer that purchases the home is brought by a Realtor. So if the Realtor, and the buyer, both think that listing is a "good deal", then chances are the lender and appraiser will too.

why is that important?
That means the property was price right. Very few listings selling within the first 30- days. They sell later. After price reductions, and they receive low offers.
Average DOM Breakdown and Average % of List Price received on Solds by Market time:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 46 40 33 20 44
Breakdown % 25.14 21.86 18.03 10.93 24.04
Avg % SP/LP 99.50 97.52 97.66 93.23 94.90

Be thankful. It was price right. You have a GREAT REALTOR!

It says that the home was priced right and was in nice condition. If a homeowner wants to sell their home in a timely manner they need to fix anything that needs it before it goes on the market, paint where necessary, be sure the landscaping and interior are staged and then price it correctly. If more homeowners would do that and not try and get the price their neighbors did a few years ago, they would sell their homes. Sellers will also find their new home at a more reasonable price, so it all works out.