Yes, I've heard it too, and here are some examples:
I've enjoyed the CD because it listens well, there is enough variety to keep my interest, and the song content covers a lot of ground.
http://cdbaby.com/cd/junedreammakers
It listens well looped and low, but give it at least one loud, full attention go, for the sake of the dynamics and structure.
http://www.thirdfactory.net/lipstick.html
"It listens well, Aunt Biny. It sounds perfectly enticing. If I read it in a book I'd lap it up. . ."
Aldrich, Bess Streeter, The Rim of the Prairie (U of Nebraska Press 1966) http://tinyurl.com/d8qgv8

The saying comes from Germans:
Nor could all the ardor of the professional patriots obliterate that German influence which has fastened upon the American yes something of the quality of ja, or prevent the constant appearance of such German loan-forms as “it listens well” and “I want out.” Many American loan-words are of startlingly outlandish origin.
Mencken, Henry Louis, The American Language 200 (1921) http://tinyurl.com/cn94k2 http://www.bartleby.com/185/28.html
Such expressions as gabfest, plunderbund, it listens well, bum, dumb (in the senses of stupid), come from the Germans. . .
The Federal Writers' Project, New York City: Vol 1, New York City Guide 112 (1939) http://tinyurl.com/dkydym