There are two very broad, distinct, and (fine) obvious types of horror stories being told in the new indie thriller from After Dark Films (Originals). In one corner we have the "happy family in a creepy house they just bought to get away from the city" stuff and in the other is the "evil female specter who may or may not be real but definitely seems to covet the couple's infant" material. Adding to the patchwork feel of the premise are some touches, characters, and ideas that are inspired by a wide array of recent (mostly indie or foreign) supernatural thrillers...
To its credit, Dark Circles is in no big rush to get to the scary stuff, and when it does, it focuses on the inner turmoils that any young parent must feel: the pressures of a baby who won't stop crying; the inability to get any work done; the feeling that you're now just a support system for a baby instead of a complete person of your own. And while it's certainly not as powerful or memorable as movies like Grace or À l'intérieur, Dark Circles is interesting in that it's a full-bore "post-natal depression" horror story -- and therefore something that a lot of viewers can relate to.
Ultimately it'd be easier to dismiss Dark Circles as a whole lot of "been there, seen that, cute baby though" stuff, but between the film's unexpectedly mature tone and earnest attempts at character-building, it slowly becomes a surprisingly decent little psychological chiller. (A small but colorful performance by Jenn Foreman as a good-natured babysitter also helps a lot.) This is not a slam-bang, white-knuckle horror film or even one you'll rave about to your friends, but it's a quietly satisfying little ghost story all the same. Especially if you have a baby in the house.
Interesting note: writer/director Paul Soter is a member of the Broken Lizard comedy troupe, but Dark Circles has only the smallest moments of light humor and no silliness whatsoever. Even given the two-level conventional nature of Dark Circles, I applaud the comedian for taking his horror movie seriously.