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Quotation Notation
All was well.
Harry Potter and his friends and family had suffered for years at the hands of Voldemort. Many had even died because of the man and his desire to live forever and have no one challenge him. Harry had even lost his own parents and given up many years of his childhood to see that this evil creature defeated, never to rise again.
"All was well" refers to the world nineteen years after Voldemort's defeat, when Harry's second son, Albus Severus, would begin attending Hogwarts. Harry was thinking of how everything was different now: his three children, his best friends' children, his former rival's son, and all the others were getting to attend a school where neither their lives nor their parents lives nor their friends or families' lives were in mortal danger — they were safe. Albus had concerns about being placed in Slytherin, but Slytherin was no longer a breeding ground for future Death Eaters, but was now a house for those who were ambitious and achievement oriented, and there was no fear in Albus' safety.
Indeed, all was well!